NAS100 Short: Riding the Bearish Momentum Down

Market Overview

The trend is clear: NAS100 is bearish. We're currently sitting at 21377.35, down -0.57% in the last 24 hours. This weakness is a fundamental signal that the tech sector isn't finding much love right now. The daily range from 21193.38 to 21561.32 shows volatility, but the overall direction is down.

Intraday Setup

I'm taking this trade short on NAS100 for an intraday move. The levels are clear for a continuation of the bearish trend. My entry is at 21422, aiming to catch a retest of resistance before the next leg down. We've got resistance at 21450 and 21500 holding strong.

Trade Details

My Stop Loss is placed above the recent resistance at 21643. This gives enough room but keeps risk managed. The Take Profit is aggressive at 20870, pushing well past the immediate support levels like 21350 and 21193.38. Clean setup for maximum impact if the momentum holds.