going long(buying) on US100 US100 (Nasdaq 100) Analysis – Daily & 4H Timeframe
Key Demand Zone: 17,679.0, where buyers are likely to step in.
Liquidity Sweep: Occurred at 17,676.7, indicating possible stop-loss hunting before a reversal.
Expectation: Price is likely to revisit the demand zone and reverse if buyers show strength.
Trade Plan
Entry Strategy: Wait for bullish confirmation (e.g., rejection wicks, bullish engulfing, or a break of structure on lower timeframes).
Stop-Loss: Placed below 17,676.7 to avoid further liquidity grabs.
Take-Profit Target: Next supply zone or resistance level based on structure.
Risk Management: Consider scaling in with partial entries instead of going all in at once.