Tesla (TSLA) Trade: Maximize Gains with This Strategy
Hi traders, welcome to a new analysis! Today, I’m sharing my trading strategy for Tesla (TSLA), ready for when the stock market opens tomorrow.
I’ve set a Buy Limit order at $380, near a key support zone supported by the 50 and 100-period moving averages. I’m expecting a potential rebound from this level.
Take Profit: My target is set at $403, a significant previous resistance level where I plan to secure my profit.
Stop Loss:To manage risk, my Stop Loss is set at $325.58, positioned well below the support level to avoid getting stopped out by false breakouts.
Moving Averages: The 50 and 100-period moving averages strengthen the entry zone.
RSI: The RSI is currently at 49.83, indicating a balanced market with room for an upward move.
This analysis is on the 4-hour timeframe. If the price reaches $380 when the market opens tomorrow, my order will trigger automatically.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
I’ve set a Buy Limit order at $380, near a key support zone supported by the 50 and 100-period moving averages. I’m expecting a potential rebound from this level.
Take Profit: My target is set at $403, a significant previous resistance level where I plan to secure my profit.
Stop Loss:To manage risk, my Stop Loss is set at $325.58, positioned well below the support level to avoid getting stopped out by false breakouts.
Moving Averages: The 50 and 100-period moving averages strengthen the entry zone.
RSI: The RSI is currently at 49.83, indicating a balanced market with room for an upward move.
This analysis is on the 4-hour timeframe. If the price reaches $380 when the market opens tomorrow, my order will trigger automatically.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
Trade closed: target reached
I touch take profit !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Get Access To The Worlds Most Profitable Trading Indicators here: tinyurl.com/4d3389mc
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.