TSLA Aug 24–28: $360 Broke. Now Comes the Hard Part.Tesla, Inc.NASDAQ:TSLABullBearInsightsTesla is probably the one chart this week where I would be careful about getting excited simply because the candles are green. The move has already happened. TSLA bounced from roughly **$297** and has worked its way back above $360. On the 4-hour chart, that recovery looks strong. Higher lows have been building for weeks, $350 finally gave way, and price is now trading around **$364**. That sounds bullish. It is bullish. But this is also exactly where the trade becomes harder. TSLA is no longer bouncing from support. It is pushing directly into an area where sellers have a reason to show up. The 4-hour chart has price entering a supply zone around **$355 to $366**, and RSI is already near **77**. I don't use an overbought RSI as a reason to automatically short a stock. Strong stocks can stay overbought much longer than people expect. But I also don't ignore it. When price runs hard into resistance while momentum is already stretched, I become much more interested in how the stock behaves after the breakout than the breakout candle itself. That's why **$360 is important this week**. TSLA just reclaimed it. Now I want to know whether it can keep it. The GEX picture makes the current area even more interesting because there is a heavy concentration of levels sitting almost exactly where TSLA is trading. I have **$355, $357.50, $360, $365, $367.50 and $370** all packed together. That is a lot going on inside fifteen dollars. To me, that means the market may have a fight here before the next clean move appears. The first thing I would watch Monday is whether TSLA can stay above $360. Not touch it. Not briefly trade above it. Actually stay there. If $360 starts acting like support instead of resistance, then the breakout begins to look much more convincing. After that, **$365 to $370** is the area that has to be cleared. I think $370 matters more than people may realize. It is sitting at the top of the immediate GEX cluster, and TSLA is already stretched on the 4-hour chart. If buyers can push through $370 and the stock continues holding above it, I would start looking toward the **$378 to $382** area. Beyond that, the daily chart becomes the bigger problem. There is still a descending trendline overhead from the previous highs. So even if TSLA has a strong week, I wouldn't suddenly assume the road back toward $425 and $450 is wide open. There is still work to do. What would make me more cautious is a different sequence. Suppose TSLA trades through $365 or $370 early in the week, attracts breakout buyers, then falls back below $360. That would get my attention quickly. A failed breakout here could easily bring **$357.50 and $355** back into play. Below there, I would watch **$350**. And $350 is probably the level I care about most if this rally starts losing momentum. TSLA recently fought hard to get through that area. I don't want to see bulls give it right back. If $350 fails, the chart starts looking much less like a healthy breakout and much more like another rejection. At that point, **$340 and $337.50** become relevant. Below those levels, I would start paying attention to the low $330s again. There is also a bigger support area much lower around $300, but I don't think traders need to jump that far ahead yet. The market has plenty of levels to deal with first. What I find interesting about TSLA right now is that both bulls and bears can make a pretty reasonable argument. The bulls can say the stock has recovered from $297, built higher lows, reclaimed $350 and broken through $360. They're right. The bears can say price is entering 4-hour supply, RSI is stretched, several GEX levels are stacked directly overhead and the larger daily downtrend hasn't completely disappeared. They're right too. That's exactly why I wouldn't chase TSLA at $364 just because it looks strong. I'd rather see one of two things. I want to see TSLA prove that **$360 has become support**. Or I want to see it prove that **$370 is no longer resistance**. Anything happening between those two prices may simply be the market deciding who gets trapped first. For the week of August 24–28, that's the part of TSLA I'm watching. The bounce was impressive. Now we find out whether it was the beginning of something bigger, or whether $360 to $370 is where the easy money ends.