π TSLA Cash Secured Put β Riding the Momentum π
Not financial advice. Sharing my personal trade journey.
Entered my Sell Cash Secured Put position when TSLA traded around $320, targeting this level as a strong pullback zone anchored by the Daily 200SMA previously.
Initially planned to secure profits in the 20β50% range, but with TSLA breaking both its channel and the $322-324 resistance, I'm letting the position run a little longer to capture more upside. I may close before market close today depending on momentum.
π Support Zones: $328 (short term) β $324 (daily 200SMA) β $320 (daily 50SMA)
π Resistance Levels: $330 β $335 β $339
Outlook:
If TSLA breaks & holds above $330, momentum could push towards $335.
If not, I'll watch for a retracement first to $328, then to $324.
Managing risk, locking gains, and letting the market work for me.
Trade safe, Tiger friends! π―
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- JackQuantΒ·08-11Nice analysis! Itβs very suitable to use this stratrgy in this price zone.1Report
- bounceeΒ·08-11Exciting strategy1Report