TSLA Feb 27 — Breakdown From 420 Supply, Now Stabilizing Near 40Tesla, Inc.BATS:TSLABullBearInsights On the 15m timeframe, TSLA attempted to hold the 417–420 supply zone early in the session but failed to reclaim it. That rejection triggered a clean downside rotation, breaking beneath the intraday range and accelerating lower into the 403–405 area, where price is now attempting to stabilize. The structure shifted from compression under resistance to controlled downside expansion. Once 412.5 (intraday pivot) gave way, momentum followed through quickly. The selloff has now slowed into a minor base around 405, suggesting short-term digestion rather than immediate continuation. From a price action perspective, TSLA is now trading beneath the descending intraday trendline and below prior support. For structure to neutralize, price would need to reclaim 412–415. Until that happens, rallies remain vulnerable to lower-high formations. Based on GEX option data, the most significant overhead resistance remains stacked near 420, where the highest positive positioning and call resistance cluster. That level remains the major upside trigger. Even if a bounce develops, the 417–420 band becomes layered friction. Below price, the most meaningful support sits near 400, where put support is heavily concentrated. A clean break below 400 increases probability of continuation toward 395, followed by the deeper 390 liquidity pocket. Current Positioning Context • 420 = Major gamma wall / upside trigger • 412.5 = Broken pivot, now resistance • 405 = Short-term stabilization zone • 400 = Key defensive support Scenarios After Today’s Run If 405 holds and price reclaims 410–412, a relief bounce toward 415 is possible. However, continuation strength requires acceptance above 415, and especially above 420. If 405 fails, focus shifts to 400. A decisive break below 400 opens downside toward 395–390, where stronger put positioning sits. Right now, TSLA is in post-breakdown digestion. Directional confirmation will come from whether 405 stabilizes or gives way.