$TSLA Looking at the 15-minute chart for TSLAon, things are starting to look interesting again after a bit of a rollercoaster ride today. If you’ve been watching the candles, you’ll notice we just survived a dip toward that $399 support level.
The good news? The bulls stepped in exactly where they needed to, pushing us back up to the $405.48 mark.
The Breakdown:
V-Shape Recovery: We saw a sharp drop followed by a steady climb. This usually suggests that there is strong buying interest sitting right around the $400 psychological level.
Moving Averages (MA): Currently, the price is trading above the MA(7) and MA(25). The real test now is the MA(99) (the purple line). If we can flip that into support, we might see a push toward the previous high of $408.59.
Market Sentiment: With a market cap sitting at $14.34M, this is definitely a high-volatility play. Small moves in volume can lead to big swings in price, so keep your eyes peeled.
My Take:
The trend is currently trying to flip bullish. If we can get a solid hourly close above $406, I’m looking at $410 as the next immediate target. However, if we fail to break the resistance at $408, we might consolidate between $402 and $405 for a while.
Pro Tip: Don't chase the green candles. Wait for a retest of the moving averages before jumping in. And as always, watch your risk management—low cap coins can be wild!
What’s your move? Are you holding for $410 or waiting for a deeper dip? Let’s discuss in the comments! 👇
#TSLAon #Ondo #cryptotrading #TechnicalAnalysis #BinanceSquare