Tesla is hitting a major resistance zone (green box), where a lot of selling is expected. This presents a short opportunity for those looking to trade the pullback.
💡 Key Details:
- Short Zone: $417 - $425
- Stop-Loss: Above $425.82
🎯 Targets:
- Target 1: $403 (once this is reached, move your stop-loss to entry price or take your profits)
- Target 2: $392 (once this is reached, move your stop-loss to target 1 or take your profits)
🚨 What to Watch:
- Wait for Tesla to reach the green box before considering a short position.
- If Target 1 is hit, move your stop-loss to entry to reduce risk.
- Target 2 offers a solid exit point for taking profits.
This trade is for experienced traders and focuses on short-term pullbacks.
💡 Key Details:
- Short Zone: $417 - $425
- Stop-Loss: Above $425.82
🎯 Targets:
- Target 1: $403 (once this is reached, move your stop-loss to entry price or take your profits)
- Target 2: $392 (once this is reached, move your stop-loss to target 1 or take your profits)
🚨 What to Watch:
- Wait for Tesla to reach the green box before considering a short position.
- If Target 1 is hit, move your stop-loss to entry to reduce risk.
- Target 2 offers a solid exit point for taking profits.
This trade is for experienced traders and focuses on short-term pullbacks.
@ TheStockWhale on Twitter / X
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.
@ TheStockWhale on Twitter / X
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.