Tesla scalping + forecast 2-19
🔥 Market Overview (Tesla - TSLA)
Trend: Recovery phase after a strong downtrend; facing key resistance.
Key Levels:
Resistance: $368-$370 (200 EMA, key rejection zone)
Support: $353-$355 (Supertrend and recent demand zone)
Indicators:
EMA 9: $361.37 (Price slightly above, indicating short-term bullish bias)
EMA 200: $368.39 (Critical resistance; price needs a breakout for further upside)
Supertrend: $353.84 (Support level for continuation)
MACD: Weak bullish crossover, but limited momentum.
RSI: 62.26 – Approaching overbought zone, suggesting a potential pullback.
🔥 Scalping Strategy
🩸 Range Scalping (Preferred Strategy)
Buy near: $353-$355, targeting $365.
Sell near: $365-$368, targeting $355.
Stop-loss: Below $350.
🩸 Breakout Scalping (If $370 Breaks)
Buy above: $370, targeting $380-$385.
Stop-loss: Below $365.
🩸 Momentum Scalping (For Quick Trades)
Short near: $368-$370, targeting $355.
Buy near: $353-$355, targeting $365.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Tesla needs a strong close above $368 to confirm bullish continuation.
If $370 breaks, expect a move to $385.
If rejected from $368-$370, a retest of $353-$355 is likely.
🔥 News & Market Context
Tesla has been under pressure due to EV market slowdown and earnings concerns.
Investors watching for catalysts to drive sustained upside.
Market-wide sentiment remains cautious, which could affect Tesla’s next move.
🔥 Decision:
🩸 Short-term: Scalp buy at $355, targeting $365.
🩸 Mid-term: Watch price action at $368-$370.
🩸 Ideal Play: Short $368-$370 if rejected; buy above $370 if confirmed breakout.
👑 Final Verdict:
Tesla faces a critical resistance zone at $368-$370. Breakout could fuel further upside, but failure may lead to another pullback.
🔥 LucanInvestor's Quote:
"The market rewards patience, but punishes hesitation." 👑
Trend: Recovery phase after a strong downtrend; facing key resistance.
Key Levels:
Resistance: $368-$370 (200 EMA, key rejection zone)
Support: $353-$355 (Supertrend and recent demand zone)
Indicators:
EMA 9: $361.37 (Price slightly above, indicating short-term bullish bias)
EMA 200: $368.39 (Critical resistance; price needs a breakout for further upside)
Supertrend: $353.84 (Support level for continuation)
MACD: Weak bullish crossover, but limited momentum.
RSI: 62.26 – Approaching overbought zone, suggesting a potential pullback.
🔥 Scalping Strategy
🩸 Range Scalping (Preferred Strategy)
Buy near: $353-$355, targeting $365.
Sell near: $365-$368, targeting $355.
Stop-loss: Below $350.
🩸 Breakout Scalping (If $370 Breaks)
Buy above: $370, targeting $380-$385.
Stop-loss: Below $365.
🩸 Momentum Scalping (For Quick Trades)
Short near: $368-$370, targeting $355.
Buy near: $353-$355, targeting $365.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Tesla needs a strong close above $368 to confirm bullish continuation.
If $370 breaks, expect a move to $385.
If rejected from $368-$370, a retest of $353-$355 is likely.
🔥 News & Market Context
Tesla has been under pressure due to EV market slowdown and earnings concerns.
Investors watching for catalysts to drive sustained upside.
Market-wide sentiment remains cautious, which could affect Tesla’s next move.
🔥 Decision:
🩸 Short-term: Scalp buy at $355, targeting $365.
🩸 Mid-term: Watch price action at $368-$370.
🩸 Ideal Play: Short $368-$370 if rejected; buy above $370 if confirmed breakout.
👑 Final Verdict:
Tesla faces a critical resistance zone at $368-$370. Breakout could fuel further upside, but failure may lead to another pullback.
🔥 LucanInvestor's Quote:
"The market rewards patience, but punishes hesitation." 👑
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.