TSLA Attempting Breakout – Watching $312 Key Level. Aug. 5

TSLA Attempting Breakout – Watching $312 Key Level 🚀

Technical Overview (1H)
TSLA is consolidating just below the critical $312 resistance, aligning with the Highest Positive GEX and 2nd Call Wall (57.55%). A breakout above this level could trigger a gamma squeeze toward $317.5 and potentially $325.
Support sits at $300 (Major Put Support -58.42%). If this fails, bears could push toward $295 and $290. Price is currently forming a falling wedge, a bullish reversal pattern if confirmed.

GEX & Options Flow Insights
* Highest Positive GEX: $312 – Strong resistance; breaking above can fuel upside momentum.
* Major Call Walls: $317.5, $325 – Profit-taking zones for bulls.
* Major Put Support: $300 – Bears will defend here; losing it invites heavier selling.
* Call/Put Positioning: CALLs 31.3% vs Puts – Skew still leans slightly bullish, but gamma flip is near $300.

My Thoughts
TSLA is coiling for a potential move. As long as price holds above $300, the risk/reward still favors a bullish breakout play. However, failure to clear $312 could see a pullback into $305–$300 range before another attempt.

Trade Ideas
Bullish Scenario:
* Entry: On a breakout above $312 with strong volume
* Targets: $317.5 → $325
* Stop-Loss: Below $305

Bearish Scenario:
* Entry: Rejection at $312 and loss of $305
* Targets: $300 → $295
* Stop-Loss: Above $315

15-Minute Short-Term Setup
* Intraday traders should watch for a mini breakout retest above $310 for scalps to $312+.
* If $307 fails intraday, momentum could stall toward $304–$302.

Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.