The Best Correction for Tesla We’ve Seen in Months

Jan 2

🚀 The Best Correction for Tesla We’ve Seen in Months – Targeting $486! 🚀

📊 Trade Setup:

Entry Price: $380
Take Profit 1: $418.19 (previous support)
Take Profit 2: $486 (recent high)
Stop Loss: $350 (below the trend line)

📈 Analysis:
Tesla has seen its best correction in months, providing an incredible buy opportunity at a discount. The price recently hit a support level on the bullish trend line and is now showing early signs of upward movement. With a strong uptrend still in place, we’re looking for a potential move towards the previous support at $418.19 and ultimately the recent high at $486.

🎯 Targets:

$418.19: Previous support zone
$486: Recent high, key resistance level

🔹 Risk Management:
Stop loss set at $350, safely below the trend line, ensuring proper risk control.

⚡ Are you ready to ride the bullish trend with Tesla? Drop your thoughts below! ⚡

Jan 3

Trade active

Price is up almost 7% today! This is why I love when Tesla is making big corrections. If you are conservative you can considder putting a stop loss above your entry and enjoy the ride. Congratulations for everyone who followed and participated!

Jan 6

Note

Congratulations, everyone!
Take Profit 1 has been successfully reached! 🎉

6 days ago

Trade closed: target reached

Since Take Profit 1 has already been hit and the price has retraced, this presents another opportunity for those who missed the initial entry to join the trade and we are aiming for the next targets.