US 100 Cash CFD
Short

NAS100 Sell Trade Plan

57
The market is showing a lower high formation on the 1H chart, indicating potential bearish continuation. Entry is planned at 23,481.2, with a stop loss at 23,584.6 to protect against upside breakouts. The first target (TP1) is set at 23,363.8 to secure partial profits, and the second target (TP2) is at 23,275.0 for extended downside potential. RSI is currently below the 50 level (44.70), supporting bearish momentum. Risk-to-reward ratio favors the setup, aligning with the recent downtrend structure.

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