NAS100 Breakout or Bull Trap? | Smart Money Zone Rejected! NAS100 has just tapped into a strong supply zone marked by institutional activity — right around 21,700–21,731. After weeks of bullish momentum, price has now shown hesitation at this level.
📉 If sellers step in here, we may be witnessing the beginning of a retracement back to key demand levels.
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🔑 Key Levels to Watch:
🔵 Resistance (Current Supply Zone): 21,700 – 21,731
🟦 First Demand Level: 20,507 – A previous structure and breakout zone
🟧 Major Demand Zone: 19,263 – Institutional accumulation zone and strong price memory
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📊 What to Look For:
✅ Bearish confirmation at the supply zone (rejection candles, break of structure)
✅ Volume spike + lower highs = possible short-term reversal
❗ Invalidation: Clean breakout and retest above 21,731 may continue the bullish rally
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🔮 Possible Scenario:
🟥 If sellers defend the current level, we could see:
1. Pullback to 20,500 📉
2. Deep retracement into 19,263 if demand fails 🚨
3. Short setups may become attractive below 21,500 with tight stops above the zone
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⚠️ Why This Matters:
📆 We're heading into a heavy news week (see the upcoming US economic calendar at the bottom of the chart). Volatility is expected. Smart money often moves before major releases!
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💬 What’s your bias? Are we looking at a fakeout or a breakout?
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