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Redistribution playing out on TSLA this morning. Price backed up into the 380-382.50 range which is just a retest of the previous breakdown level. Fresh supply sitting at 383.50-384.80 that hasn’t been tested yet. If we push into that zone and get a bearish engulfing on the 1m, I’m looking short. Stop above 385.63 structural resistance. First target around 378.50 where sell-side liquidity is sitting, second target down at 375 if momentum carries. The 380 demand has been tapped multiple times already and liquidity is building below it so I don’t think it holds much longer. Will update if it triggers. Not financial advice — just sharing my read on the chart. submitted by /u/tradeconfluxAi to u/tradeconfluxAi |