Tesla H4: Selling Pressure PersistsTesla, Inc.BATS:TSLADomicChainaHello everyone, Looking at the H4 chart of Tesla, the stock remains within a clear bearish structure after failing to hold the peak near 500 USD earlier this year. Price is currently trading around 399 USD and continues to stay below two key moving averages, indicating that short-term momentum is still under corrective pressure. From a technical perspective, the lower high – lower low structure remains intact. Recent recovery attempts have been consistently rejected around the 400–410 USD zone, which aligns with the moving average cluster and acts as a short-term resistance area. The short-term MA remains below the long-term MA and continues to slope downward, reflecting that bearish momentum has not yet shown clear signs of weakening. On the downside, the 390 USD level is emerging as the nearest support zone, where price has reacted multiple times in recent sessions. With the current structure, my base scenario is that Tesla could continue to drift lower to retest the 390 USD area, where the market may look for short-term buying interest before a technical rebound develops. If buyers step in, price may recover toward the 405–410 USD region. However, this remains a key zone to monitor, as selling pressure is likely to reappear there. Given that the broader trend is still bearish, current rebounds are more likely to be technical in nature rather than signals of a confirmed reversal. From a fundamental standpoint, Tesla has recently faced pressure from several factors, including expectations of slowing growth in the EV segment, increasing competition from Chinese automakers, and the broader impact of a high interest-rate environment in the U.S. Additionally, sentiment toward growth and tech stocks has become more cautious as the Federal Reserve has yet to provide clear signals on monetary easing.