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Tesla
Long

TSLA | Long | Technical Buy Zone + Volume Spike | (April 9, 2025

141

1️⃣ Insight Summary:
Tesla is pulling back into a strong demand zone with rising volume, signaling potential accumulation. While fundamentally overvalued, the technicals show this could be a high reward-risk trade if price retests lower levels.

2️⃣ Trade Parameters:
Bias: Long (if retest happens)
Entry Zone: $220 – $223 (ideal buy zone on a potential pullback)
Stop Loss: Below $206 (breakdown from structure and invalidation of support)
TP: $440.36 (2x reward-to-risk potential)
Risk/Reward Ratio: ~1:15 (based on current setup)
Status: Not yet in position — watching for a retest into support zone

3️⃣ Key Notes:
✅ Significant buy-side volume showing up around current levels
✅ Buy signals and price action bouncing from higher-timeframe demand
✅ Although TSLA is widely viewed as fundamentally overvalued, technical setups like this can still offer solid short- to mid-term returns
❌ Invalidation is clearly below $206 — that breaks the thesis and the base
📉 Waiting for confirmation of a pullback and bounce before entering; chasing here isn't ideal for the reward-risk profile

4️⃣ Follow-up Note:
Watching price closely for a potential re-entry toward $220. Will update this trade idea if we get a clean test or breakout.

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Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.

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We are at the level

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I am taking some profits

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