TESLA : Break Down Trend Structure

Analysis:
Tesla (TSLA) is currently consolidating within a symmetrical triangle pattern. The price action suggests a potential breakout in either direction, providing opportunities for both bullish and bearish scenarios.

Bullish Scenario:

A breakout above the symmetrical triangle pattern can lead the price to $200 and potentially higher.
Bearish Scenario:

If the price breaks down from the symmetrical triangle, it could move towards the Point of Interest (POI) zone before resuming an upward move towards $200.
Trade Setup:

Entry Points:

Entry 1: $176 (initial entry near the current price level)
Entry 2: $168 (add position if the price pulls back)
Entry 3: $160 (final entry at the liquidity grab zone)
Stop Loss:

Place a stop loss at $156 to manage downside risk.
Take Profit:

First Target (T1): $200 (key psychological and resistance level)
Second Target (T2): $227 (next significant resistance level)
Risk Management:

Ensure your risk-to-reward ratio is favorable. With a stop loss at $156, calculate your position size accordingly to maintain proper risk management.