TSLA Price Surge: Key Scalping & Swing Trade for Dec. 6TSLA has experienced a sharp breakout, showing significant bullish momentum. The price action is forming a clean structure with clear support and resistance levels, making it ideal for both scalping and swing trades. Let’s dive into the setup and game plan.
Market Structure Overview:
* Trend: TSLA is in a strong uptrend, recently breaking above key resistance levels. The trendline support remains intact.
* Current Price Action:
* Price is consolidating near $368-$375 after the breakout, suggesting potential for either continuation or pullback.
* Strong volume accompanied the breakout, supporting the move higher.
Key Levels to Watch:
* Resistance:
* $375.43: Key short-term resistance.
* $384.41: Next upside target if momentum continues.
* Support:
* $355.02: Immediate support level, aligning with previous resistance turned support.
* $348.12: Critical support zone and trendline base.
Liquidity Zones & Order Blocks:
* Liquidity Zone: The price may target stops below $355.02 before resuming upward.
* Order Blocks:
* Bullish OB: Between $348.12-$355.02, strong demand zone.
* Bearish OB: Near $375.43-$380, aligning with recent selling pressure.
MACD & Volume Analysis:
* MACD: Momentum remains positive, but the histogram is showing signs of divergence—potentially signaling slowing bullish momentum.
* Volume: High during the breakout but slightly declining as the price consolidates. Watch for volume spikes near key levels.
Scalping Strategy:
* Entry:
* Look for quick longs at $355-$358 if price pulls back with confirmation (e.g., bullish engulfing candle).
* Alternatively, short scalps at $375 with bearish rejection.
* Exit:
* For longs, take profits near $368-$370.
* For shorts, target $360-$355.
* Stop-Loss:
* Tight stop at $353 for longs, $377 for shorts.
Swing Trading Strategy:
* Bullish Play: Enter on pullback to $355-$358 zone with confirmation. Target $375, then $384.
* Bearish Play: If the price fails to break above $375 convincingly, short with a target of $348-$350.
* Stop-Loss: For longs, set below $348. For shorts, above $377.
Game Plan for TSLA Trading:
1. Pre-Market Prep:
* Mark key levels: $375 (resistance), $355 (support).
* Check for Tesla-related news or macroeconomic updates.
2. Market Open Strategy:
* Wait for the first 15-30 minutes to observe the direction.
* Look for a pullback or breakout confirmation.
3. Intraday Execution:
* Use trendlines and moving averages to confirm entries.
* Avoid chasing the price during volatile spikes.
4. End of Day:
* Secure profits or close positions if the trendline breaks.
Likely Direction:
* Bullish Scenario: A breakout above $375 could push TSLA to $384 or higher, continuing the uptrend.
* Bearish Scenario: Rejection near $375 and failure to hold $355 could lead to a pullback towards $348.
Disclaimer:
This analysis is for educational purposes only and is not financial advice. Always perform your own research and trade responsibly.