The $397 region represents a significant Order Block (OB) and potential reaction zone. This area is likely to attract buyers seeking to defend the current structure and could trigger a temporary bullish expansion. If buyers successfully defend this zone, TSLA could stage a relief rally toward higher liquidity before resuming its broader bearish trajectory.
My primary expectation is for price to react positively from the $397 Order Block. A successful reaction could generate sufficient momentum to target: Bullish Relief Rally Target: $491
This move would likely serve as a liquidity grab into premium pricing before larger sellers re-enter the market.
Following completion of the relief rally, the broader expectation remains bearish.
Key downside targets include:
🎯 First Target: $359
🎯 Second Target: $323
The $359 level represents the nearest major liquidity objective and previous area of interest where profit-taking may occur. Should selling pressure remain strong, price could continue toward the deeper liquidity pool resting around $323.
My primary expectation is for price to react positively from the $397 Order Block. A successful reaction could generate sufficient momentum to target: Bullish Relief Rally Target: $491
This move would likely serve as a liquidity grab into premium pricing before larger sellers re-enter the market.
Following completion of the relief rally, the broader expectation remains bearish.
Key downside targets include:
🎯 First Target: $359
🎯 Second Target: $323
The $359 level represents the nearest major liquidity objective and previous area of interest where profit-taking may occur. Should selling pressure remain strong, price could continue toward the deeper liquidity pool resting around $323.
Real Time US Stocks Trade: bitget.com/markets?channelCode=regd&vipCode=kqy7
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Real Time US Stocks Trade: bitget.com/markets?channelCode=regd&vipCode=kqy7
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.