TSLA Long
TSLA is showing signs of a potential reversal after a sharp decline. The price has bounced off the uptrend line and the 232.3 support level, forming a higher low. The 50-bar trend is downtrend, but longer-term trends (150 and 200 bars) remain bullish. The recent green candle with increased volume suggests buying pressure. The entry is placed above the current consolidation, with the stop below the recent low and uptrend line. The profit target is set near the previous resistance around 270. The setup has a positive risk-reward ratio but carries moderate risk due to recent volatility.
Risk/trade: 1%
Risk/portfolio: 10%
Risk/portfolio: 10%
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