NAS100 - TOP ALERT - Bearish Scenario / 50% GAINS !!!-NEW author on TradingView
-2+ years experience in markets
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NAS 100 1h: BEST level to SHORT 50% gains (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: NAS 100 1h chart review / outlook
::: bounce imminent right now
::: likely setting up for a bigger move downwards to complete the expanding triangle
::: however short-term I recommend to focus
::: on selling HIGH from confirmed resistance
::: Bearisch Scenario plays out if there is now follow through till US Elections in November
::: key resistance: 10900-11000 USD
::: key support level: 9800 USD
::: recommended strategy: SHORT IT 10900 USD
::: SL 11100 USD TP 9800 USD
::: good luck traders
NAS
✳️Nebulas [NAS/BTC] on August 09 #NAS $NAS #NASBTCOn July 27, NAS had a big dump in the 200sts and then quickly returned to 370-400sts. This is not really a good buying force, but we can also take risk with low risk.
We could buy in the 370-400sts zone as it is highly likely to return to the 500sts zone in the next few days.
It is also entirely possible that the NAS will spike to the following regions: 800sts and 1050sts
Drop to channel support then buyI'm looking for a break of the marked support level. I have Sell stops in place for this.
Will look at buying on a rejection of the channel support.
There are a few scenarios that could play here, including a bounce from the current support mid channel.
MACD is still showing me a sell for now.