$TSLA Update: Entry Still Holding, But Risk Zone AheadTesla, Inc.BATS:TSLAledora037 My previous TSLA setup was based on the reaction from the major demand zone around $340-$350. Price respected that area and produced a strong rally of nearly 30%, validating the original bullish thesis. Now the market is entering a critical phase. From a technical perspective, TSLA appears to be forming a lower-high structure after failing to sustain momentum above the $440-$450 resistance region. Multiple rejection candles in this area suggest sellers remain active and are defending supply aggressively. The recent swing structure shows weakening bullish momentum: ✔ Strong impulse from demand ✔ Rally into resistance ✔ Failure to create a new high ✔ Lower highs beginning to develop This shifts focus toward the downside liquidity resting below current price. Key Resistance Levels 🔸 $417 - Near-term resistance This level acted as support previously and is now serving as resistance. Bulls need a daily close above this zone to regain momentum. 🔸 $447-$452 Supply Zone The major supply area remains untouched. A successful reclaim would invalidate the current bearish short-term outlook and reopen the path toward $500+. Key Support Levels 🔹 $363 Important intermediate support. Losing this level increases the probability of a deeper correction. 🔹 $345-$350 Demand Zone This remains the most important area on the chart. Previous institutional buying activity occurred here, creating the strong impulse move that followed. If price revisits this region, it could offer another high-probability opportunity for long-term bulls. Trend Analysis The larger trend remains bullish as long as the rising trendline and demand zone continue holding. However, in the short term, TSLA is showing signs of distribution rather than accumulation. A move into the $345-$350 region would: > Sweep downside liquidity > Test major support > Retest the ascending trendline > Create a potential risk-reward opportunity Fundamental Outlook While short-term price action appears weak, Tesla's long-term story remains intact. Recent developments supporting the bullish thesis: > Robotaxi deployment continues to be the primary growth narrative. > AI and autonomous driving investments remain a major valuation driver. > Energy generation and storage businesses continue expanding and becoming a larger contributor to revenue. > Vehicle margins have stabilized compared to previous quarters, reducing concerns about aggressive pricing pressure. What I'm Watching Bullish Scenario 📈 Daily close above $417 Reclaim of $447 supply Break toward $500+ Bearish Scenario 📉 Rejection below $417 Breakdown through $363 Liquidity sweep into $345-$350 demand Trade Plan I'm not chasing price here.The best opportunities usually come when the market returns to key demand zones where risk can be clearly defined. For now, patience remains the strategy.The chart suggests a possible move toward $345-$350 before the next major directional decision. Will buyers defend demand again, or is a larger correction beginning? Time will tell.