TSLA faces likely strong resistance from the daily downward trend line, and the stock was sold off about 8% after the flying-car unveiling. He watches the recent candle's bottom-tail area as strong support and $338 as a pivotal level, with no net directional call.

including Tesla, which just unveiled a flying car, and the markets are reacting wildly to this news. Unless you live in complete isolation from the world, you have probably seen a clip of this or a picture of it.

Tesla unveiled its flying car at a live event last night, and the stock saw very large movements. As soon as I saw that, I was sitting on the couch with my wife and I said, I should open a buy position on this stock. I need to open a buying center.

As you know , in cryptocurrencies you can trade 24/7, just like with major stocks.

So, we entered into one deal. I bought at 362 and closed the trade at 382. I ended up making a good 100% profit using a little leverage. But Tesla is now low. It's dropping sharply.

Now, let's zoom in on the one-hour chart. I drew a horizontal line at 382. I actually sold at the top, but that was more of a stroke of luck than anything else. I just woke up and saw, you know, I opened the trade last night, woke up, found that I had made a 100% profit, and closed it.

But now look at the arrow . The stock ended up being heavily sold off and experienced a significant decline. If we use the measurement tool here and calculate from around 5:00 or 6:00 AM, we find that it decreased by approximately 8%.

They literally unveiled a flying car, and the market responded by saying, "Well, to be honest, we don't even care." In fact, we will sell your shares. So, tell me in the comments section below, what do you think of the Tesla flying car?

Does this make you more optimistic? Do you think the stock will rise, or does it make you more pessimistic and think Tesla's stock will fall?

I am very interested in reading your responses. Let's go back to the graphs . So, what levels are we monitoring here? Okay, we have this nice downward trend line on the daily candles.

Therefore , this is likely to remain a very strong resistance level, but I like this candle here.

Now , we will talk a little about bottom tails and top tails . The body of this candle is very close, you know, to more than 25% of the area there. You don't want the candle body to be anywhere but within the top 25% of the bottom tail.

So, it's very close, in my estimation, but I'm watching this area perhaps for the lowest fuse level as strong support for Tesla here.

And you also have, well, the price has dropped below that, but people may look back at it from the past at $338 for that pivotal level there. So, these are two levels of support for Tesla.

And again, tell me in the comments below, what the hell do you think of that flying car?