#TSLA MAY BOUNCE FIRST... THEN FALL TO $227 #Tesla #daytrading Please ❤️like and 🔁share with fellow Tesla traders/investors #Tesla has entered one of the most important technical zones on its chart after closing at $298.32 yesterday. While the stock remains in a confirmed long-term downtrend following last week's decisive break below the 16-month channel support at $373.37, the current setup presents an attractive short-term opportunity for disciplined swing traders. * The key support region now lies between $300.90 and $291.81, with an additional level at $299.29 creating a roughly nine-point accumulation zone. This area could absorb selling pressure throughout August, allowing Tesla to stabilize before attempting a relief rally. The strategy is not to call an exact bottom but to scale into a position. We prefer buying an initial position around $300.90, adding near $291.81 if necessary, and placing a stop below that support while risking no more than 2% of total trading capital. * If buyers defend this zone, several upside targets come into focus depending on the trading timeframe. – Day traders could see a move toward $316.86, which aligns with a key long-term trendline. – Three-to-five-day swing traders have an objective near $328.10. – Two-to-three-week swing traders could target $354.36, the former channel support that has now turned into major resistance. We expect this level to attract aggressive selling if reached, making it the first significant hurdle for any recovery. * Importantly, a short-term bounce does not invalidate the broader bearish outlook. We still maintain an ultimate downside target of $227.47 over the longer term. In fact, a rally into the $350s could create a more favorable environment for establishing bearish options positions if the larger downtrend resumes. * The most important level to monitor today is $291.81. A weekly close below that support would strengthen the bearish case and likely trigger another leg lower toward approximately $271 by the end of next week. If support continues to hold, however, #TSLA may spend several weeks consolidating before attempting a larger recovery toward the mid-$300s. * So, Tesla may be setting up for a meaningful short-term rebound from a major support zone, but unless the stock can reclaim key resistance levels, the longer-term trend remains bearish, with the possibility of an eventual decline toward $227 still very much in play. * If you enjoyed this update, please 👍🏻 like and 🔁 share Watch the full #TSLA Trading Plan for July 30, 2026, in this short video 🔽