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Tesla Drop Pressures Nasdaq – 22,470 Key to Hold Recovery

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USNAS100 | Overview

Tesla dropped approximately 5%, weighing heavily on the Nasdaq, amid public tensions between Elon Musk and Donald Trump.

Yesterday, the price declined below 22,610 due to the impact of Tesla’s fall but remained above 22,470. As long as it trades above this level, a recovery attempt is likely, with the price expected to break through the consolidation zone between 22,615 and 22,740.

However, if the 1h candle closes below 22,470, the bearish trend is expected to continue toward 22,280 and potentially lower.

Pivot: 22,470
Resistance: 22,615 – 22,740 –23,000
Support: 22,280 – 22,200

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