NAS100 ANALYSIS h1

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Hello Guy Here is My Analysis About NAS100 ANALYSIS Must Support And Don't Forgot Share Your Thoughts And Like button
Note This Analysis Only For Educational Purposes don't Consider It Trading Advice

US100 (NASDAQ 100) on the 1-hour timeframe potential long (buy) opportunity. Here's the breakdown:
1. Support Level:
A clear support zone in red around 20,874, where price previously reversed upwards. This area is acting as a strong base for potential bullish momentum.
2. Resistance Zone:
The green area above 21,700 is identified as a resistance zone, where prices might face selling pressure.
3. Trade Setup:
My suggestion a long Entry Near the current market price (21,162).
Take Profit (TP) levels are set at:
TP1: 21,400
TP2: 21,700

4. Trend Analysis:
The blue trend channel indicates an uptrend, with price making higher highs and higher lows.
The pullback from the resistance zone might provide an opportunity for price to continue upward.
5. Risk Management:
The stop-loss level is placed below the support zone at 20,874,
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Technical IndicatorsSupply and DemandSupport and Resistance

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