NAS100USD Based on Technical Analysis
The NAS100USD chart shows a rejection from the resistance zone at 21,850, followed by a sharp sell-off,
signaling a potential continuation of the downtrend. Price has broken below a key support level (now resistance at 21,460),
indicating bearish momentum.
A short entry is viable below 21,350, with TP1 at 20,800 and TP2 at 20,315, as indicated on the chart.
Fundamental factors such as rising interest rate concerns or economic slowdown fears may further support this bearish scenario.
Ensure to place a stop loss above the recent resistance level to manage risk effectively.
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
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