TSLA has rallied from its previous consolidation zone and is approaching a potential resistance area between $290–$295. Momentum is solid, but RSI and volume trends may suggest we’re nearing short-term exhaustion.
✅ Strategy 1: Wait for the Pullback (Safer Play)
Entry zone:
• $240 – Ideal level near former resistance turned support
• $215 – Strong support with higher reward potential
Stop-loss:
• Below $200 (to protect against deeper trend reversal)
Profit targets:
• $265 – Conservative
• $290 – Re-test zone
• $355 – Bullish breakout continuation (if sentiment remains strong)
This setup gives room for the price to breathe and positions you after a healthy correction.
⚡️ Strategy 2: Momentum Breakout Trade (Aggressive)
Entry:
• On breakout above $295 with volume confirmation
Stop-loss:
• Below $280 (tight, breakout failure protection)
Target:
• $320, $340+, depending on follow-through
This is higher risk, higher reward — you’re betting on bulls continuing the charge without a pullback.
⚠️ Disclaimer: This is not financial advice. Trading involves risk. Always do your own analysis and trade with proper risk management.
✅ Strategy 1: Wait for the Pullback (Safer Play)
Entry zone:
• $240 – Ideal level near former resistance turned support
• $215 – Strong support with higher reward potential
Stop-loss:
• Below $200 (to protect against deeper trend reversal)
Profit targets:
• $265 – Conservative
• $290 – Re-test zone
• $355 – Bullish breakout continuation (if sentiment remains strong)
This setup gives room for the price to breathe and positions you after a healthy correction.
⚡️ Strategy 2: Momentum Breakout Trade (Aggressive)
Entry:
• On breakout above $295 with volume confirmation
Stop-loss:
• Below $280 (tight, breakout failure protection)
Target:
• $320, $340+, depending on follow-through
This is higher risk, higher reward — you’re betting on bulls continuing the charge without a pullback.
⚠️ Disclaimer: This is not financial advice. Trading involves risk. Always do your own analysis and trade with proper risk management.
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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.
Related publications
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.