US100: Approaching resistance, pullback likely before breakoutUS Tech 100 Cash ($100)IG:NASDAQZuperViewThe NASDAQ has shown a strong short-term recovery after breaking a major descending trendline. However, price is now testing a significant resistance zone, and a technical pullback is likely before the uptrend can continue. 📊 Technical Analysis: 30-minute Chart 📉 1. Overall Trend Price has successfully broken above a descending trendline (red line), shifting market structure from bearish to bullish. An uptrend line (green) is now acting as dynamic support. Price is trading near the upper band of the Keltner Channel, indicating sustained bullish momentum. 🟥 2. Resistance Zone: 24,596 – 24,681 This zone has acted as a strong supply area in the past, causing multiple rejections. Price is currently testing this area again → a rejection or short-term pullback is highly probable. 🟦 3. Support Zone: 24,383 – 24,500 This zone overlaps with previous consolidation and aligns with the uptrend line. If a pullback occurs, this area could attract buyers and act as a launchpad for the next leg up. 🔁 Potential Trade Setups ✳️ Primary Scenario (preferred): Price rejects at resistance → pulls back to support → bounces and resumes the uptrend Wait for a pullback toward 24,500 – 24,383 Look for bullish price action (e.g., bullish engulfing, hammer) for entry Enter long if support holds: 🎯 TP1: 24,650 🎯 TP2: 24,700+ 🛑 SL: Below 24,350 (trendline invalidation) 🔻 Alternative Scenario (risk): If price breaks below 24,383 and the uptrend line fails → short-term trend could shift sideways or bearish Avoid long entries without a confirmed recovery Re-evaluate trend structure if support fails ✅ Conclusion A short-term uptrend is in place However, price is now testing a major resistance zone, and a healthy pullback is likely Please like and comment below to support our traders. Your reactions will motivate us to do more analysis in the future 🙏✨