Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
$TSLA - Looks like the price has rejected at the resistance range between the 1.272 and 1.414 Fibonacci extension levels, which I covered in some of my prior updates.
That said, I believe that the base case remains intact, a test of the 1D Bull Market Support Band, currently sitting at $461, in case of a rejection at this resistance range, before a more durable reversal to the upside.
If, however, the price were to break below the support band, I would look to hedge part of my spot holdings in order to mitigate the short-term downside risk, since that would open the door for a deeper pullback on the low-timeframes toward the prior high-timeframe resistance range at $430.