NAS100 Bearish Reversal from Supply Zone – Short SetupUS Nas 100OANDA:NAS100USDMR_JOHN144The NAS100 (1H chart) is trading within a channel structure marked by a rejection line (resistance) and a support line. Price recently broke below the EMA (70 & 200), showing bearish momentum. Supply Zone (POI): 23,524 – 23,637, where price may retest before further decline (potential short entry zone). Trend: Current momentum is bearish after rejection from channel resistance. Support/Target: Main downside target is 22,979 – 22,905, aligning with previous swing low and Fibonacci extension area. EMA Strategy: Price below both 70 & 200 EMA indicates bearish trend continuation. Structure Break: Breakdown of channel support suggests sellers are in control. 📌 Trading Plan: Entry (Sell Zone): 23,524 – 23,637 (POI Supply Zone) Stop Loss: Above 23,640 (channel resistance) Target: 22,979 – 22,905 Conclusion: Market is in bearish structure. Wait for pullback to supply zone for a high-probability short entry, targeting the lower support zone.