NAS100 4H – Range Play Setting Up for ExpansionUS 100 IndexFX:NAS100FrankAgboThe Nasdaq 100 Index is currently trading within a well-defined **range**, with price reacting cleanly between key horizontal levels. 🔍 **Key Levels to Watch:** * **Support:** 24,150 – 24,200 * **Mid-Range Resistance:** 25,250 * **Major Resistance / Target:** 26,200+ Price has recently tapped into support and is showing signs of **buyer interest**, with multiple rejections of lower prices. This suggests the market could be preparing for a **mean reversion move back into the range highs**. 📈 **Bullish Scenario:** If price holds above the 24,150 support zone: * Expect a move toward **25,250 (range midpoint / resistance flip)** * A clean break and hold above that opens the path toward **26,200 liquidity zone** 📉 **Bearish Scenario:** * A breakdown below 24,150 could invalidate the setup * That would expose lower liquidity pockets and continuation to the downside ⚡ **Market Structure Insight:** * Current structure = **consolidation after distribution** * Liquidity resting above 25,250 and especially near 26,200 * Upside moves likely driven by **short covering + breakout traders** 💡 **Trade Idea:** * Look for **confirmation entries on lower timeframes (M15–H1)** * Ideal triggers: bullish engulfing, structure break, or strong impulsive move from support * Manage risk below recent lows 📌 **Conclusion:** This is a classic **range-to-expansion setup**. As long as support holds, bias leans **bullish toward range highs and beyond**. ---