Tesla : Approaching Key Resistance Level After Strong Rally

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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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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ArmanShabanTrading

Join me for more Free Signals and New Analyzes In the Public Channel :

⚜️ Free Telegram Channel : t.me/PriceAction_ICT

⚜️ Contact Me : t.me/ArmanShabanTrading

Also on: