Here’s a suggested plan for Monday based on the bearish setup:
- **Entry:** Below $423 (confirmation of breakdown and bearish continuation)
- **Stop Loss (SL):** Above $450 (to account for false breakouts)
- **Target 1 (T1):** $388.96 (first major support level)
- **Target 2 (T2):** $358.46 (secondary support level for extended bearish move)
Why Chart Matters:** Charts visually represent price action and market sentiment, helping traders identify key trends, support, and resistance levels for informed decisions.
Conclusion:** With Tesla breaking critical support, bearish momentum could dominate Monday's session, making risk management and strategic entries crucial.
- **Entry:** Below $423 (confirmation of breakdown and bearish continuation)
- **Stop Loss (SL):** Above $450 (to account for false breakouts)
- **Target 1 (T1):** $388.96 (first major support level)
- **Target 2 (T2):** $358.46 (secondary support level for extended bearish move)
Why Chart Matters:** Charts visually represent price action and market sentiment, helping traders identify key trends, support, and resistance levels for informed decisions.
Conclusion:** With Tesla breaking critical support, bearish momentum could dominate Monday's session, making risk management and strategic entries crucial.
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.
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.