NAS100 Bullish Momentum Confirmed: Targeting Further Upside with a Clear Intraday Strategy

NAS100LongIntraday2h ago3 views

Trade Setup

Entry Price

21560.00

Stop Loss

21283.00

Take Profit

22115.00

Risk : Reward

1 : 2.00

RiskReward

Market Structure and Trend Analysis


Good morning, KoraFX community. My focus is firmly on the NAS100 today, where the bullish trend remains unequivocally intact. The index is currently trading at 21615.62, having shown a solid 0.54% gain over the last 24 hours. This strong performance, pushing past previous resistance, is a clear sign that "the trend is your friend," and I'm prepared to ride this momentum.
I've observed the market successfully defending key support levels. Yesterday's low at 21442.19 and the subsequent hold above the 21500 and 21550 zones confirm robust demand. This price action, coupled with the consistent higher lows on the intraday charts, indicates that buyers are stepping in aggressively on any dips. The immediate resistance at 21650 was swiftly breached, and we are now looking towards the 21700 and 21789.06

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