TSLA at a Critical Level! Reversal or Further Downside?

Market Structure & Price Action:
* TSLA has been in a strong downtrend, breaking multiple support levels.
* It has rejected the descending trendline, continuing lower.
* Current price is hovering near $327, testing a key PUT support level.

🔍 Key Levels:
* Support:
* $327 – Strong PUT support (highest negative NETGEX).
* $295 – 2nd major CALL wall support.
* $250 – Long-term support if downside continues.
* Resistance:
* $360 – Heavy resistance from PUT wall.
* $380 – 3rd CALL wall resistance.
* $400 – Strong CALL resistance (37.69%).

📊 Indicator Analysis:
1️⃣ MACD:
* MACD is deep in negative territory, showing strong bearish momentum.
* A possible crossover could indicate a short-term relief bounce.
2️⃣ Stochastic RSI:
* Oversold conditions, indicating potential for a relief bounce.
* Needs confirmation with price action.
3️⃣ 9/21 EMA:
* TSLA is trading below both EMAs, confirming strong bearish structure.
* Needs to reclaim 9 EMA for any bullish reversal attempt.

🔥 GEX & Options Sentiment:

* PUT Support at $327: This is a critical level; a break below can accelerate selling.
* Call walls at $360 & $380: Resistance levels where buyers may struggle.
* IVR 51 / IVx 66.6: Moderate implied volatility, suggesting steady options activity.

🛠️ Trading Plan:
📉 Bearish Scenario (Break Below $327):
* If TSLA fails to hold $327, expect a drop towards $295.
* Ideal PUT entry: Break below $327 with volume.
* Stop Loss: Above $335.
* Profit Target: $300-$295.
📈 Bullish Reversal (Above $327):
* If TSLA reclaims 9 EMA & holds $327, expect a bounce towards $350-$360.
* Ideal CALL entry: Reclaim of $335 with strong volume.
* Stop Loss: Below $320.
* Profit Target: $350-$360.

🎯 Final Thoughts:
* TSLA is at a key decision point.
* A break below $327 triggers more downside.
* A bounce above $327 could offer a short-term relief rally.

🔔 Trade carefully & manage risk!
⚠️ This is not financial advice. Always do your own research before trading.