Nasdaq 100 SPOTLong
Nasdaq 100 (US100) Analysis H4
Outlines a bullish setup with detailed risk-reward levels. Here's the analysis:
1. Key Levels:
Support Zone: A strong support area is marked around 20,727, where the price previously rebounded.
Target Levels:
First Take Profit (TP1): 21,889.69.
Final Target: 22,101.32.
2. Entry Point:
3.The proposed BUY ORDER is placed near 21,171.57, anticipating the price to rise after consolidating near support.
3. Stop-Loss (SL):
The SL Level is positioned below the support at 20,727, ensuring a controlled risk for the trade.
4. Indicators:
The SuperTrend indicator suggests a potential shift to bullish momentum, with price likely to climb towards resistance levels.
5. Trade Plan:
Our focuses on buying from the support zone and targeting key resistance levels.
Clear upward projection is with arrows, showing the expected price trajectory.
leverages a strong support level and favorable risk-reward dynamics for a long position in the Nasdaq 100.
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