Adding to $TSLA short at $368. Second tranche in.
The setup here is simple: momentum's stretched, valuation's rich, and the tape's getting heavy. This is a conviction fade on the post-election rally that's run too far, too fast. Not calling a crash—just looking for a 10-15% pullback to reset the froth.
Position sizing matters. This is tranche two, so I'm scaling in methodically, not hero-trading the top. If it rips higher, I've got room to add a third leg. If it breaks, I'm out clean.
The risk/reward is asymmetric here. Downside to $320-$330 is realistic on profit-taking and macro headwinds. Upside past $380 starts looking like euphoria territory, which is tradeable but not sustainable.
This is a tactical short, not a thesis short. I'm not betting against Elon or the EV story—I'm betting against the current price action. Big difference.
The setup here is simple: momentum's stretched, valuation's rich, and the tape's getting heavy. This is a conviction fade on the post-election rally that's run too far, too fast. Not calling a crash—just looking for a 10-15% pullback to reset the froth.
Position sizing matters. This is tranche two, so I'm scaling in methodically, not hero-trading the top. If it rips higher, I've got room to add a third leg. If it breaks, I'm out clean.
The risk/reward is asymmetric here. Downside to $320-$330 is realistic on profit-taking and macro headwinds. Upside past $380 starts looking like euphoria territory, which is tradeable but not sustainable.
This is a tactical short, not a thesis short. I'm not betting against Elon or the EV story—I'm betting against the current price action. Big difference.