Tesla good entry point
Entry, Stop-Loss (SL), Take-Profit (TP) Strategy:
Entry Point:
Entering around $220 seems like a good entry point as it sits near a support level, allowing a relatively tight stop-loss and upside potential.
Stop-Loss (SL):
$210 would be a sensible level for a stop-loss, as a break below this support zone might signal further downside risk.
Take-Profit (TP):
Set the first take-profit around $235-$240, which is the next key resistance zone. If momentum builds, and the stock breaks past this, you could aim for $250 as the next target.
Entry Point:
Entering around $220 seems like a good entry point as it sits near a support level, allowing a relatively tight stop-loss and upside potential.
Stop-Loss (SL):
$210 would be a sensible level for a stop-loss, as a break below this support zone might signal further downside risk.
Take-Profit (TP):
Set the first take-profit around $235-$240, which is the next key resistance zone. If momentum builds, and the stock breaks past this, you could aim for $250 as the next target.
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