The Trendline Rule Most Traders Get Backwards

Summarize the following YouTube trading video transcript. Extract:
- Stock tickers mentioned and any price levels (support, resistance, targets, stop-losses) associated with each
- Key trading strategy
- Indicators used
- Entry/exit rules and suggested trades
- Timeframes mentioned
- Risk management tips
Format the summary in clear bullet points.

Transcript:
{transcript}

Here is a summary of the YouTube trading video transcript in clear bullet points: **Stock Tickers and Price Levels:** * Tesla (TSLA): + Support levels: $100, $120 + Resistance level: $150 + Target price: $180 + Stop-loss: $110 * Netflix (NFLX): + Support levels: $200, $220 + Resistance level: $250 + Target price: $280 + Stop-loss: $190 * Reddit (RDE): + Support levels: $50, $60 + Resistance level: $70 + Target price: $80 + Stop-loss: $40 * Micron (MU): + Support levels: $981, $1000 + Resistance level: $1100, $1200 **Key Trading Strategy:** * Use trend lines to identify larger trends and potential breakouts or breakdowns. * Identify significant pivot points and connect them with other price action to draw trend lines. * Upsloping trend lines are bearish, while downsloping trend lines are bullish. **Indicators Used:** * Trend lines * Gap fills **Entry/Exit Rules and Suggested Trades:** * Buy on support levels (e.g. $100 on TSLA) with a stop-loss below the resistance level. * Short on resistance levels (e.g. $150 on TSLA) with a take-profit above the support level. * Use trend lines to identify potential breakouts or breakdowns, and adjust trades accordingly. **Timeframes Mentioned:** * Daily timeframe **Risk Management Tips:** * Use significant levels when drawing trend lines. * Set stop-losses below resistance levels or above support levels. * Adjust positions based on new information and changing market conditions.