Tesla (TSLA) at a Critical Level! Will This Bounce or Break Down📊 Technical Analysis (TA):
1. Trend & Structure:
* TSLA remains in a clear downtrend, confirmed by multiple BOS (Break of Structure) signals.
* Recent ChoCH (Change of Character) suggests a temporary range-bound phase before further downside or a potential reversal.
* Key Resistance: ~290-300 (prior BQS level)
* Support Zone: ~273-275 (critical liquidity zone)
2. Indicators:
* MACD & Stochastics show weakness, confirming bearish momentum.
* Volume spikes suggest institutional interest, but it's mainly on down moves, reinforcing bearish bias.
🔹 GEX & Options Flow:
1. Call Walls (Resistance) 🚧
* 300-310: Heavy resistance, potential rejections.
* 350: Second major call wall, unlikely to reach unless a strong rally occurs.
2. Put Walls (Support) 🛑
* 270: Strong put wall, may act as a floor for a potential bounce.
* 250: Highest negative NETGEX, which means a gamma squeeze could push TSLA further down if this level breaks.
3. IV Rank & Skew:
* IVR 89.7, indicating high implied volatility.
* IV skew positive, meaning puts are being favored over calls.
* Calls only 21.8%, suggesting market bias is bearish.
📌 Trading Plan & Suggestions:
* Bullish Scenario:
* A reclaim above 290-300 could trigger a short squeeze toward 310-315.
* Calls or spreads with April expiry could benefit from a bounce.
* Bearish Scenario:
* Breakdown below 270 could open a flush to 250, where puts would see exponential gains.
* Ideal Put Play: Buy March-April 270P or 260P targeting 250-260.
⚠️ Key Warning: If TSLA holds 270, a sharp bounce is possible due to put covering.
🔥 Conclusion: Big Move Coming for TSLA!
Tesla is trapped between strong put support (270) and overhead resistance (290-300). The next few sessions will decide if this bounces or heads straight to 250. Options flow favors downside, but gamma unwinding could cause short-term reversals.
Watch price action carefully before making a move! 🚀📉
🚨 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
