Big wave consolidation; Tesla TSLA slips slightly 0.88%



After a period of consecutive big gains earlier, Tesla continues to maintain a high-level sideways consolidation, down slightly 0.88%.

Due to market funds rotating, Tesla faces significant technical resistance at the $400 integer level. Current market sentiment is fairly cautious, as everyone waits for its Q2 official earnings report and the progress on Robotaxi that may be released in August.

Tesla is currently in a calm before the storm. $400 is a strong psychological resistance level. Ahead of the earnings report, the risk of a game of breakouts is relatively high.

Holders are advised to continue holding; those with no position should wait for a clearer pullback range after the earnings report brings negative news or after any positive news has already played out before entering new positions.
TSLA-0.79%
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