Abu-Sushi

Tesla possible breakout

NASDAQ:TSLA   Tesla
Hello everyone this is my idea for TESLA on 1 hour time frame ..

Price is trading between red and green line ..

We wanna catch a breakout it can be bullish or bearish based on 1 hour candle close ..

If price close above red line we wanna buy to target zone above shown in the chart as target.. our stop loss is 1 hour candle close below green

If price close below green line we wanna sell to target zone below as shown in the chart .. our stop loss is 1 hour candle close above red line

RSI indicator can give us a hint about price action if black line is breached this could be a nice bullish indicator .. keep this in mind

for any question feel free to ask :) and good luck

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