TESLA β€” Can buyers defend support?

Wait 5 sec.

TESLA β€” Can buyers defend support?Tesla, Inc.BATS:TSLATheZimpact πŸš€Tesla is trading just above an important bullish activation zone after failing to hold the recent recovery. While buyers are still defending support, the overall structure remains neutral-to-bearish until price starts printing stronger higher highs. πŸ“ˆ Bullish scenario If buyers defend the current support and reclaim the recent swing highs, Tesla could build enough momentum for another move higher. Holding above the bullish activation zone would be an encouraging sign for the bulls. πŸ“‰ Bearish scenario If sellers push price below the current support zone, we can expect the decline to continue toward the next major demand areas. Losing this structure would reinforce the bearish outlook. The current support is the key battlefield. Buyers still have an opportunity to regain control, but they need a convincing reaction before the trend can shift back in their favor.