Hey traders! Quick check-in on TSLA based on the 4-hour chart.
📈 Technical Analysis (TA):
TSLA broke above a descending trendline signaling potential bullish momentum.
Watch closely for a confirmation above the current supply zone around $250-$255.
We had a clear Change of Character (CHoCh) indicating a possible reversal from the previous downtrend.
Important support sits at the recent demand zone around $215-$217, marked as a Break of Structure (BOS).
Next strong resistance to watch is around $320; breaking this can trigger a big move up.
📊 GEX & Options Insights:
Highest negative NET GEX at $217, strong PUT support here—keep this level marked clearly.
Call resistance is around $255; breaking above here could initiate a gamma squeeze pushing prices higher.
IV Rank is relatively high at 57.8%, signaling premium prices are rich—good for selling premium or credit spreads.
Call to Put ratio shows slight bearish sentiment (33.4% Calls), so keep your risk tight.
💡 Trade Recommendations:
Bullish Play: Wait for a clear close above $255 to enter calls, targeting around $300. Tight stop-loss just below $245.
Bearish Play: If TSLA rejects the $255 resistance strongly, consider puts targeting the demand zone around $217.
Neutral traders might consider Iron Condors or credit spreads between the clear ranges ($215–$255).
🛑 Risk Management:
Always use defined risk strategies, particularly with the higher IV environment we're in.
Let's see how it plays out. Good luck!
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
📈 Technical Analysis (TA):
TSLA broke above a descending trendline signaling potential bullish momentum.
Watch closely for a confirmation above the current supply zone around $250-$255.
We had a clear Change of Character (CHoCh) indicating a possible reversal from the previous downtrend.
Important support sits at the recent demand zone around $215-$217, marked as a Break of Structure (BOS).
Next strong resistance to watch is around $320; breaking this can trigger a big move up.
📊 GEX & Options Insights:
Highest negative NET GEX at $217, strong PUT support here—keep this level marked clearly.
Call resistance is around $255; breaking above here could initiate a gamma squeeze pushing prices higher.
IV Rank is relatively high at 57.8%, signaling premium prices are rich—good for selling premium or credit spreads.
Call to Put ratio shows slight bearish sentiment (33.4% Calls), so keep your risk tight.
💡 Trade Recommendations:
Bullish Play: Wait for a clear close above $255 to enter calls, targeting around $300. Tight stop-loss just below $245.
Bearish Play: If TSLA rejects the $255 resistance strongly, consider puts targeting the demand zone around $217.
Neutral traders might consider Iron Condors or credit spreads between the clear ranges ($215–$255).
🛑 Risk Management:
Always use defined risk strategies, particularly with the higher IV environment we're in.
Let's see how it plays out. Good luck!
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilitÃ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.