Tesla found long term support. Here is how I'm trading this.
Hi all, Tesla had a nice bounce off long term support (Lime green line) but is still trending down in a channel. Upon touch of the red resistance line I am re-entering my short position after being stopped out for minor profit on yesterdays bounce. I will have a very tight stop above the red resistance in case there is a break of the resistance. If the red line breaks I will enter with longs with stops below the lime green support. If you choose to trade that is your decision alone. This is not financial advice.
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