NAS100 is currently trading inside a defined range between resistance and support levels.
Resistance levels:
29,252.28
29,491.23
Support levels:
28,847.90
28,605.88
28,201.50
Current price is trading near 29,066.47, sitting between the first resistance and first support.
Bullish Scenario
If price breaks above 29,252.28 and a 1H candle closes above it, I expect continuation up to the next resistance at 29,491.23.
Entry: Above 29,252.28 after confirmation
Target: 29,491.23
Invalidation: Below 28,847.90
Bearish Scenario
If price breaks below 28,847.90 and a 1H candle closes below it, I expect a drop down to 28,605.88 first. After breaking below 28,605.88, the next support is 28,201.50.
Entry: Below 28,847.90 after confirmation
Target 1: 28,605.88
Target 2: 28,201.50
Invalidation: Above 29,252.28
Key Levels
Resistance: 29,252.28 / 29,491.23
Support: 28,847.90 / 28,605.88 / 28,201.50
Pro Tips from a real trader
Tip 1: Never enter at the exact level. Wait for a 1H candle close above resistance or below support first.
Tip 2: The 28,847.90 support is critical. If price closes below it with momentum, the short side becomes high probability.
Tip 3: If you miss the breakout, wait for a pullback. For longs, let price retest 29,252.28 as support. For shorts, let price retest 28,847.90 as resistance.
Tip 4: NAS100 is tech-heavy. It reacts strongly to Fed news, inflation data, and big tech earnings. Check the calendar before trading.
Tip 5: Always place your stop loss behind the next structure level. Do not risk more than 1-2 percent of your account.
Tip 6: False breaks are common on indices. Confirmation is everything.
My personal view
Price is currently sitting between 29,252.28 resistance and 28,847.90 support. I am waiting for a clean breakout in either direction. A close above 29,252.28 favors longs toward 29,491.23. A close below 28,847.90 favors shorts toward 28,605.88 and then 28,201.50. Patience is key. Let the market show its hand first.
Not financial advice. Trade at your own risk.
Tags: NAS100, Nasdaq, Indices, Breakout, PriceAction, TradingView, SupportAndResistance
Resistance levels:
29,252.28
29,491.23
Support levels:
28,847.90
28,605.88
28,201.50
Current price is trading near 29,066.47, sitting between the first resistance and first support.
Bullish Scenario
If price breaks above 29,252.28 and a 1H candle closes above it, I expect continuation up to the next resistance at 29,491.23.
Entry: Above 29,252.28 after confirmation
Target: 29,491.23
Invalidation: Below 28,847.90
Bearish Scenario
If price breaks below 28,847.90 and a 1H candle closes below it, I expect a drop down to 28,605.88 first. After breaking below 28,605.88, the next support is 28,201.50.
Entry: Below 28,847.90 after confirmation
Target 1: 28,605.88
Target 2: 28,201.50
Invalidation: Above 29,252.28
Key Levels
Resistance: 29,252.28 / 29,491.23
Support: 28,847.90 / 28,605.88 / 28,201.50
Pro Tips from a real trader
Tip 1: Never enter at the exact level. Wait for a 1H candle close above resistance or below support first.
Tip 2: The 28,847.90 support is critical. If price closes below it with momentum, the short side becomes high probability.
Tip 3: If you miss the breakout, wait for a pullback. For longs, let price retest 29,252.28 as support. For shorts, let price retest 28,847.90 as resistance.
Tip 4: NAS100 is tech-heavy. It reacts strongly to Fed news, inflation data, and big tech earnings. Check the calendar before trading.
Tip 5: Always place your stop loss behind the next structure level. Do not risk more than 1-2 percent of your account.
Tip 6: False breaks are common on indices. Confirmation is everything.
My personal view
Price is currently sitting between 29,252.28 resistance and 28,847.90 support. I am waiting for a clean breakout in either direction. A close above 29,252.28 favors longs toward 29,491.23. A close below 28,847.90 favors shorts toward 28,605.88 and then 28,201.50. Patience is key. Let the market show its hand first.
Not financial advice. Trade at your own risk.
Tags: NAS100, Nasdaq, Indices, Breakout, PriceAction, TradingView, SupportAndResistance
Đóng lệnh: đạt mục tiêu
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.