#TSLA BEARS TAKE CONTROL BELOW $387.80 #Tesla #daytrading Please ❤️like and 🔁share with fellow Tesla traders/investors #Tesla has entered a more vulnerable technical position after breaking below one of its most important near-term support levels at $387.80. * A sustained close below $387.80 favors a move toward the next major support at $368.69, which represents the lower boundary of Tesla's 16-month rising channel. While the recent breakdown is bearish in the short term, it does not automatically invalidate Tesla's long-term bullish outlook. In fact, $368.69 has repeatedly acted as major structural support and could once again absorb selling pressure through August and even the remainder of the year. As long as that channel continues to hold, Tesla's long-term target of $546.14 remains achievable. * However, if #TSLA were to close below $368.69 by at least 1% (roughly around $365), it would trigger a much larger sell signal. That breakdown would open the door to $305 by late September, followed by a potential decline toward $227 over the next several months. This is not our base-case scenario, but rather the downside roadmap if long-term support ultimately fails. * On the upside, reclaiming $403.08 would improve the short-term outlook and target $416.02 early next week. A close above $416.02 would then shift attention toward the low-$430s, although that area provides strong resistance and potentially leads to another pullback toward the $360s or $370s unless buyers generate enough momentum for a confirmed breakout. * The bigger picture remains unchanged: Tesla is still trapped inside a broad wedge between long-term support at $368.69 and major resistance near $435.94. A confirmed close above $440 would signal a bullish breakout and revive the path toward $546, while a confirmed break below approximately $365 would mark a much more significant bearish shift. Until one of those boundaries is decisively broken, traders should focus on the clearly defined technical levels rather than expecting an immediate long-term trend. For now, the bears have the advantage below $387.80, with $368.69 becoming the next key battleground. * For now, neither bulls nor bears have full control. Tesla remains trapped inside a well-defined technical framework, making disciplined range trading the preferred strategy until price finally breaks above $435.94 or below $368.69. * If you enjoyed this update, please 👍🏻 like and 🔁 share Watch the full #TSLA Trading Plan for July 17, 2026, in this short video 🔽