TSLA at a Critical Level! Key Trade Setups for This Week Market Structure & Trend
Tesla has been in a downtrend, but recent price action suggests potential support around $250-$262. The stock is testing a descending trendline, which could act as resistance. Bulls will need a strong breakout above this level to shift momentum.
Key Support & Resistance Levels
* Resistance Levels:
* $295-$304 → Key level to reclaim for bullish continuation.
* $400 → Major GEX Call Resistance zone.
* $500 → 2nd Call Wall (Long-term resistance).
* Support Levels:
* $250-$262 → Current price zone, testing previous support.
* $249.89 → Recent low, critical level to hold.
* $200 → Strong GEX Put Support zone.
Options & GEX Analysis
* IV Rank: 90.3% (High volatility; options pricing is elevated).
* Options Flow Sentiment:
* Call Wall: $400
* Put Wall: $200
* Gamma Exposure (GEX): Negative, indicating market makers are hedging for potential downside.
Indicators & Price Action
* MACD: Momentum is attempting to shift positive, but still below the signal line.
* Stochastic RSI: Overbought territory, indicating possible pullback before continuation.
* Volume Analysis: Increasing buying pressure at key levels.
Trade Setups
* Bullish Scenario:
* Entry: Above $270 for confirmation.
* Targets: $295-$304, then $330+ if momentum continues.
* Stop Loss: Below $250.
* Bearish Scenario:
* Entry: Rejection at $262-$270 resistance.
* Targets: $250, then $200 if sellers take control.
* Stop Loss: Above $275.
Conclusion
Tesla is at a decision point, sitting on a critical support zone with potential upside if it reclaims $270-$295. However, if sellers dominate, we could see a deeper move towards $250-$200. Gamma exposure suggests high volatility, so expect rapid moves.
🔹 This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
