TSLA On the 4-hr, price bounced off the 200 EMA and on the 1-hr it just barely penetrated through the upside. Weโre also at the bottom of the ascending channel.
TSLA ๐ The Master Plan (The Setup): Trend is Your Friend: The mighty 200 Simple Moving Average is acting as a dynamic support floor. ๐ Buyer's Signal: A bullish Heikin Ashi reversal doji candle has formed, indicating the sellers are exhausted and the buyers are ready to dominate. ๐ฏ๏ธโก The Strategy: This is a "Thief Strategy" โ we sneak in with multiple entries to get the best average price, minimizing risk and maximizing potential.
๐ฏ The Heist Execution (Trade Parameters) ๐โโ๏ธ Entry (The Sneak-In): We're using a layered limit order approach to scale into the position. Think of it as a stealthy infiltration!
Example Layers: $420.00 | $410.00 | $400.00 (You can adjust the number of layers and prices based on your own risk appetite!)
โ Stop Loss (The Escape Route): Thief's SL: $380.00 This is our "oh no, the cops are coming!" exit. If price breaks below here, the heist is off.
๐ Take Profit (The Getaway): Target: $470.00 Why here? This is where the "Police Force" is waiting โ a strong resistance zone, potentially overbought, and a trap for greedy bulls. We escape with our profits before getting caught! ๐
๐ Key Points & Pairs to Watch TSLA is the star of the show. Keep an eye on:
F (Ford) & GM (General Motors): Traditional auto rivals. Good for sentiment check.
LCID (Lucid) & RIVN (Rivian): Direct EV competitors. They often move in tandem with Tesla's EV narrative.
NDX (Nasdaq 100 Index): Tesla is a major component. A strong Nasdaq often lifts Tesla, and vice versa.
TSLA Still needs to break Green trendline for upward move. I think it will retest Friday 416 to 419 area and go up next week to 445 . Loosing 415 area go to 400 Zone.