$TSLAon Key Support Levels:
$401.91 (Dynamic Support - MA7): This is the immediate support line. If the price pulls back, this area is likely to provide the first bounce, keeping the rapid uptrend intact 🛡️.
$399.15 (Primary Support - MA25): If the MA7 fails, the stronger medium-term support comes from the MA(25) and a previous structural congestion zone. A drop to this area might be considered a 'healthy' correction 🔄.
$394.44 (Major Trend Support - MA99): This is a long-term support level. The overall uptrend remains valid as long as the price stays above this point. A breakdown below here would signal a significant trend shift 📉.
$393.08 (Strong Floor): This is the lowest recent swing low shown on the chart, acting as a critical psychological and technical support 🔒.
Summary:
The overall bias is very bullish 🐮. The price is showing strength and higher lows. Traders might look for buying opportunities on pullbacks to the $401.90 support or a breakout above the $403.30 resistance.
#PCEMarketWatch #BTCReclaims70k #MetaPlansLayoffs
$401.91 (Dynamic Support - MA7): This is the immediate support line. If the price pulls back, this area is likely to provide the first bounce, keeping the rapid uptrend intact 🛡️.
$399.15 (Primary Support - MA25): If the MA7 fails, the stronger medium-term support comes from the MA(25) and a previous structural congestion zone. A drop to this area might be considered a 'healthy' correction 🔄.
$394.44 (Major Trend Support - MA99): This is a long-term support level. The overall uptrend remains valid as long as the price stays above this point. A breakdown below here would signal a significant trend shift 📉.
$393.08 (Strong Floor): This is the lowest recent swing low shown on the chart, acting as a critical psychological and technical support 🔒.
Summary:
The overall bias is very bullish 🐮. The price is showing strength and higher lows. Traders might look for buying opportunities on pullbacks to the $401.90 support or a breakout above the $403.30 resistance.
#PCEMarketWatch #BTCReclaims70k #MetaPlansLayoffs