TSLA is at a make-or-break level over the next few weeks
$Tesla Motors(TSLA)$ We’re now trading right around our worst-case scenario of $260–$250.
The weekly chart is sitting at Point of Control, which is the highest traded volume area over the past three years. Historically, this has acted as a major resistance and support zone.
Looking back, Tesla has rejected off $250 five times. But for those who understand support and resistance, once a resistance level breaks, price often comes back to test it as new support. If that holds, $250–$240 will likely be the true bottom.
How I’m Approaching This Trade
1️⃣ I need the weekly BX to confirm a higher low before taking any high-risk long positions.
2️⃣ I’m still holding 2026 and 2025 calls and averaged down slightly last Thursday when the daily BX showed higher lows on March 5th and again on March 7th.
3️⃣ Short term, this looks like a bottom, but the worst-case scenario would be a push back to $300–$325, followed by another drop to retest $250 before institutions step in.
4️⃣ For absolute safety, calling the true bottom requires a confirmed higher low on the weekly BX.
I’ll have the bots on this week and will be trading the daily BX—the risk vs. reward here is significant.
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