The Best Correction for Tesla Weโve Seen in Months ๐ The Best Correction for Tesla Weโve Seen in Months โ Targeting $486! ๐
๐ Trade Setup:
Entry Price: $380
Take Profit 1: $418.19 (previous support)
Take Profit 2: $486 (recent high)
Stop Loss: $350 (below the trend line)
๐ Analysis:
Tesla has seen its best correction in months, providing an incredible buy opportunity at a discount. The price recently hit a support level on the bullish trend line and is now showing early signs of upward movement. With a strong uptrend still in place, weโre looking for a potential move towards the previous support at $418.19 and ultimately the recent high at $486.
๐ฏ Targets:
$418.19: Previous support zone
$486: Recent high, key resistance level
๐น Risk Management:
Stop loss set at $350, safely below the trend line, ensuring proper risk control.
โก Are you ready to ride the bullish trend with Tesla? Drop your thoughts below! โก