Calling bottom and hopefully dodging a falling knife

Setup: Squeeze breakout
Trade rating:4/5
Reward: risk: 5:1

Tesla has been consolidating and seems over sold to me. was waiting for confirmation and this breakout of the channel looks like the reversal confirmation we have been waiting for.

my only concerns in the longer term is that the overall market turns bearish and pushes it back into the consolidation area

let me know your thoughts in the comments!