On Friday Tesla has bad new which caused a massive 12% crash, recovering slightly after hours. I expect the average trader to continue selling Tesla here with so much FUD surrounding it, so I am going straight into a long scalp position to counter this general sentiment. I see great opportunity with a decent risk to reward ratio long as it sits at a strong support level. My sell target is $307 for this long, which should be a very quick trade.
Trade closed: target reached
Within 10 minutes of market open my target of $307 hit in the first candle so my scalp trade was closed quickly as expected in profit. Scalping market open after big volatility the previous day always works well.
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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.