$Tesla Motors(TSLA)$ just had a brutal sell-off, but I’m still bullish under the right conditions.
Price just pulled back into the smart money zone, the same area institutions have defended before.
BX Trender is still showing buying pressure, and as long as we hold this level, I’m expecting a push back to $370-$380.
I added more calls today, targeting a breakout, but if we lose $322.50, this thing could flush to $280, where I’ll look to reload.
TSLA is setting up a lower high on the daily, and if we close like this, it’s not looking too hot.
I’ll watch the 1-hour chart on Monday to see if I can average down into my calls—but I need to see higher lows on market bias first.
Worst case? We stop out and let price fill the gap & test $260 (smart money zone) in the coming months
Are you buying this dip?
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