Tesla : Approaching Key Resistance Level After Strong Rally
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By analyzing #Tesla 's stock chart, we observe that after hitting the first bearish target last time, the price rose again. However, this time, the price did not drop from that level as we expected. Instead, it managed to rise powerfully to $260! Currently, Tesla is near a significant resistance level, and we need to wait for the initial reaction to this level. This analysis will be updated!
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Best Regards , Arman Shaban
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
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As you can see, Tesla's price moved towards a resistance zone between $260 and $280. In the past, these zones have caused the price to reverse, and they might act as resistance again. Stronger support zones are around $115 to $135, which could prevent further price drops. Overall, it seems the market is currently in a corrective phase, and we need to see how the price reacts to these key areas. SHORT ACTIVATED ~ +10% So Far !
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