Hello, Tesla seems to deadcat bounce off the green supp line and is currently approaching the resistance line again.
I think it makes up for a nice setup with good risk/reward ratio, entry at 943 and 2-3% stoploss from there.
Alot of people should have stop losses at recent high at 943, i expect to trigger that stop losses before going down to my 650 USD range.
Over all i think Tesla is trading in a consolidation channel (See related Idea)
DYOR and please leave a like :)
I think it makes up for a nice setup with good risk/reward ratio, entry at 943 and 2-3% stoploss from there.
Alot of people should have stop losses at recent high at 943, i expect to trigger that stop losses before going down to my 650 USD range.
Over all i think Tesla is trading in a consolidation channel (See related Idea)
DYOR and please leave a like :)
Comment:
1-2% stoploss should be enough, lowering my sl
Comment:
943 seems out of range according to red resistance line, best case would be revisiting this zone to enter shorts
Trade active:
putting close sl´s, should only be downhill from here
