NAS100 Bullish Momentum Holds: A Confident Intraday Long Play

Market Overview & Trend Confirmation

Good morning, KoraFX community. Let's talk NAS100. The market continues to display robust bullish momentum, a clear indication that "the trend is your friend." Currently trading around 21647.24, we've seen a healthy 0.68% gain over the last 24 hours, pushing off strong support. The daily range from 21426.38 to 21868.1 highlights the recent volatility, but the overall direction remains firmly upward. We've seen significant buying pressure come in whenever support levels like 21600 and 21550 are approached. This consistent bounce confirms the underlying strength and suggests institutional order flow is firmly on the buy side.

Technical Setup & Trade Execution

My analysis points to a compelling intraday long opportunity. I'm looking for an entry at 21577. This level sits strategically above the confirmed support at 21550, allowing for a re-test without fully breaking down the established structure. The immediate resistance levels to watch are 21700 and 21750, which should act as minor hurdles on the path to higher prices.
For this trade, my stop loss is set at 2122