US100 (NASDAQ) Analysis – Potential Short by Brokerir
The NASDAQ 100 (US100) has been in an upward trend, but it is now facing strong resistance around the 21,750 and 21,850 levels. Signs of buyer exhaustion indicate a potential pullback, with a key support target around 21,580.
📊 Technical Analysis:
1. Rejection at Key Resistance Levels
• The price has tested 21,750 and struggled to break through, signaling strong resistance.
• Another attempt toward 21,850 could lead to another rejection, reinforcing bearish sentiment.
2. Loss of Bullish Momentum
• The MACD histogram is showing a decline in bullish momentum, indicating a weakening buying pressure.
• If momentum continues to fade, sellers could take control.
3. Institutional Order Block at 21,850
• The 21,850 level aligns with a key institutional order block, where large sell orders might be placed.
• This increases the probability of a reversal from this zone.
4. Liquidity Target at 21,580
• The 21,580 zone has acted as a demand level in previous sessions.
• If price moves lower, this level may serve as a key liquidity target for potential rebounds.
🔻 Conclusion:
With resistance rejections, weakening momentum, and key liquidity targets below, the probability of a downward move remains high. Traders should monitor price action closely at resistance levels and observe whether sellers maintain control.
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