NASDAQ100 Analysis – Key S/R Zones & Price Reaction Incoming!

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NASDAQ100 Analysis – Key S/R Zones & Price Reaction Incoming! 🚨

🔍 Chart Breakdown:

This is a technical chart analysis of NASDAQ100 (NAS100) with defined Support and Resistance zones. The price is currently at 21,314.50, sitting below a critical decision area.

🧱 Key Zones:

🔵 Resistance Zone:
‣ 21,640 – 21,800
‣ Strong supply area where price sharply reversed previously.
‣ If price breaks above the mid resistance zone, a bullish move towards this level is likely.

🟩 Support + Resistance Flip Zone:
‣ 21,280 – 21,420
‣ Former support, now acting as resistance.
‣ Price is struggling to reclaim this zone.
‣ Acts as a key decision level.

🟢 Support Zone:
‣ 20,630 – 20,750
‣ Strong demand zone from which previous rallies initiated.
‣ Target if bearish rejection continues.

🔄 Price Action Insight:

Price is currently rejecting the Support-turned-Resistance zone.

There’s a clear bearish rejection at the mid-zone (S/R flip), forming a lower high structure.

📉 A breakdown from current levels could lead to a retest of the support zone at 20,700 area.

🟢 However, a successful reclaim and bullish confirmation above 21,420 could see price target the upper resistance at 21,800.

📌 Outlook:

🔽 Bearish Bias if price fails to break above 21,420 – possible drop to 20,700.
🔼 Bullish Reversal above 21,420 could drive price to 21,800.

📅 Date: June 1, 2025
🕒 Timeframe: Likely 1H or 4H chart

💬 “Respect the levels, not the noise.”
Trade safe! ✅

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