Here’s a suggested plan for Monday based on the bearish setup:
– **Entry:** Below $423 (confirmation of breakdown and bearish continuation)
– **Stop Loss (SL):** Above $450 (to account for false breakouts)
– **Target 1 (T1):** $388.96 (first major support level)
– **Target 2 (T2):** $358.46 (secondary support level for extended bearish move)
Why Chart Matters:** Charts visually represent price action and market sentiment, helping traders identify key trends, support, and resistance levels for informed decisions.
Conclusion:** With Tesla breaking critical support, bearish momentum could dominate Monday’s session, making risk management and strategic entries crucial.