TSLA:Downtrend Channel Bottom Could Trigger a Rebound to $423.95Tesla, Inc.BATS:TSLAParadise_NoirTSLA continues to trade within a downtrend channel on the 4-hour (H4) chart, indicating that the primary trend has not yet truly reversed. However, it is noteworthy that the price has not broken below the critical support level, while positive news regarding robotaxis and Q2 deliveries exceeding expectations continues to bolster short-term market sentiment for the stock. On the chart, the $357.50–$370 range is a key area to watch. This marks the bottom of the downtrend channel, where the price may absorb selling pressure before staging a technical rebound. If buyers successfully defend this zone, TSLA could recover to the $423.95 level, which aligns with the channel's upper boundary and the nearest resistance. The preferred strategy is not to chase the price at current levels, but rather to wait for a pullback to the support zone and look for a clear buying response. Entry: Buy around $357.50–$370 TP: $423.95 SL: Below $350