TSLAX is sitting around 370.09 and this is exactly the type of price action I want to watch while market participation increases.
The broader crypto environment is becoming more active again. Bitcoin has recently pushed to an eight month high, while increased ETF activity, institutional purchases and short covering have contributed to stronger market momentum. 1
For TSLAX, I am watching the 362 to 368 support zone. If buyers defend that area and price begins reclaiming 372 to 375 with volume, momentum could accelerate.
EP: 370.00
TP: 405.00
SL: 350.00
The setup is simple. Hold the support, watch the volume and wait for confirmation.
The market can move much faster once liquidity returns. That is why I am watching the reaction instead of trying to predict every move.
The silence before the storm is fading.
I’m ready for the move —
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