TSLA Attempting Breakout – Watching $312 Key Level 🚀
Technical Overview (1H)
TSLA is consolidating just below the critical $312 resistance, aligning with the Highest Positive GEX and 2nd Call Wall (57.55%). A breakout above this level could trigger a gamma squeeze toward $317.5 and potentially $325.
Support sits at $300 (Major Put Support -58.42%). If this fails, bears could push toward $295 and $290. Price is currently forming a falling wedge, a bullish reversal pattern if confirmed.
GEX & Options Flow Insights
* Highest Positive GEX: $312 – Strong resistance; breaking above can fuel upside momentum.
* Major Call Walls: $317.5, $325 – Profit-taking zones for bulls.
* Major Put Support: $300 – Bears will defend here; losing it invites heavier selling.
* Call/Put Positioning: CALLs 31.3% vs Puts – Skew still leans slightly bullish, but gamma flip is near $300.
My Thoughts
TSLA is coiling for a potential move. As long as price holds above $300, the risk/reward still favors a bullish breakout play. However, failure to clear $312 could see a pullback into $305–$300 range before another attempt.
Trade Ideas
Bullish Scenario:
* Entry: On a breakout above $312 with strong volume
* Targets: $317.5 → $325
* Stop-Loss: Below $305
Bearish Scenario:
* Entry: Rejection at $312 and loss of $305
* Targets: $300 → $295
* Stop-Loss: Above $315
15-Minute Short-Term Setup
* Intraday traders should watch for a mini breakout retest above $310 for scalps to $312+.
* If $307 fails intraday, momentum could stall toward $304–$302.
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 Overview (1H)
TSLA is consolidating just below the critical $312 resistance, aligning with the Highest Positive GEX and 2nd Call Wall (57.55%). A breakout above this level could trigger a gamma squeeze toward $317.5 and potentially $325.
Support sits at $300 (Major Put Support -58.42%). If this fails, bears could push toward $295 and $290. Price is currently forming a falling wedge, a bullish reversal pattern if confirmed.
GEX & Options Flow Insights
* Highest Positive GEX: $312 – Strong resistance; breaking above can fuel upside momentum.
* Major Call Walls: $317.5, $325 – Profit-taking zones for bulls.
* Major Put Support: $300 – Bears will defend here; losing it invites heavier selling.
* Call/Put Positioning: CALLs 31.3% vs Puts – Skew still leans slightly bullish, but gamma flip is near $300.
My Thoughts
TSLA is coiling for a potential move. As long as price holds above $300, the risk/reward still favors a bullish breakout play. However, failure to clear $312 could see a pullback into $305–$300 range before another attempt.
Trade Ideas
Bullish Scenario:
* Entry: On a breakout above $312 with strong volume
* Targets: $317.5 → $325
* Stop-Loss: Below $305
Bearish Scenario:
* Entry: Rejection at $312 and loss of $305
* Targets: $300 → $295
* Stop-Loss: Above $315
15-Minute Short-Term Setup
* Intraday traders should watch for a mini breakout retest above $310 for scalps to $312+.
* If $307 fails intraday, momentum could stall toward $304–$302.
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.
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.
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.