NAS100 Breakout Play – Buyers Stepping Back InUS Tech 100 IndexPEPPERSTONE:NAS100FrankAgboNASDAQ 100 is showing a **clean breakout from a descending trendline**, signaling a potential **shift from bearish to bullish momentum**. --- ### 🧠 **Market Structure** * Trend: **Bearish → Reversal phase** * Price action: **Strong impulsive move up** * Key signal: **Break of structure + trendline breakout** --- ### 📍 **Key Levels** * Resistance: **26,100 zone** * Current price: **~25,260** * Support: **25,130** * Major support: **24,450** --- ### 🚀 **Bullish Scenario (Primary)** With price **holding above breakout zone**: * First target → **26,100** * Continuation → **higher liquidity zones above** Momentum clearly favors **buyers**. --- ### 📉 **Bearish Scenario (Invalidation)** If price **drops back below 25,130**: * Breakout becomes false * Possible move back to **24,450** --- ### ⚖️ **Trade Idea** * Entry: **Current zone / pullback** * SL: **Below 25,130** * TP: **26,100+** --- ### 💡 **Conclusion** This is a **classic breakout + retest setup**: ➡️ Trendline break confirmed ➡️ Buyers gaining strength ➡️ Momentum shifting bullish Clean structure — now watching for continuation.