TSLA tests resistance as patience outweighs “buy-the-dip” temptation
Very important spot for $Tesla Motors(TSLA)$ 🚨
I’m still out of my position, and in last night’s video we broke down this exact resistance level and what needs to happen next.
I want to see that level get swept and short-term structure break before I touch it again.
And I totally get why “big discounts” are tempting.
Buying at a huge discount only works if you’re actually near the bottom.
If you buy because it looks cheap and it keeps bleeding, you don’t have a deal… you just get smoked.
I’d rather be “late” and join the next multi‑month move with structure and confirmation than try to nail the exact low and risk getting wiped out.
Discounts are great when they mark the bottom.
But a discount on its own can quickly turn into bag‑holding if the worst case plays out.
$Duolingo, Inc.(DUOL)$ $Hims & Hers Health Inc.(HIMS)$, etc. are perfect examples.
They looked like great discounts on the way down and just kept bleeding.
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