US100 (Nasdaq) 20m Analysis: Bearish Continuation

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US100 (Nasdaq) 20m Analysis: Bearish ContinuationUS Tech 100 Index CashFPMARKETS:US100HammCryptoMarket Context & Momentum The US Tech 100 (US100) is displaying strong bearish momentum following a significant sell-off. The price sliced aggressively below the R1 level (29901.72) and the main Pivot (P) at 29338.03 before entering a pullback phase. The Setup & Custom Indicator Confirmation This chart shows a textbook trend-continuation setup, very similar to the SP500 structure: The Pullback & Retest: Price rallied back up to retest the broken Pivot level (29338.03), which is now acting in perfect confluence with the dynamic resistance of the yellow moving average. The Trigger: Right at this heavy resistance zone, the custom indicator printed a clear cluster of "Sellers" signals. These act as the "Sellers Invitation Candle," confirming that the bears are stepping in to defend this critical level and reject higher prices. Trade Execution Parameters A short position is actively mapped out to ride the next leg down: Entry: Executed around the 29187.10 to 29190.85 area following the cluster of seller confirmations. Stop Loss (Invalidation): Placed safely above the dynamic resistance, the Pivot level, and the recent swing highs at 29401.41. If the price manages to close above this red zone, the bearish continuation thesis is invalidated. Take Profit Targets: The setup is targeting the massive downside liquidity pool, aiming directly for the S1 support level at 28262.12. This offers an incredibly high risk-to-reward ratio for the trade.