NASDAQ Rally at Risk? Channel Resistance Still HoldsUS100SKILLING:US100TheCryptagonNasdaq continues trading inside a descending channel on the 4H timeframe despite the recent rebound attempt. Buyers managed to recover from mid-channel weakness, but price remains below the broader falling structure. The area around 28,750 stands out as a critical support zone. The 4H MA100 is only now entering it, creating a potential confluence region where buyers may attempt to defend momentum. A rejection from current levels could send price back toward this support area before any larger directional move develops. At the same time, the 4H RSI has recovered from lower levels but is not yet signaling strong bullish acceleration. This suggests momentum remains mixed rather than decisively bullish. Bullish scenario: A sustained breakout above the descending channel could invalidate the short-term bearish structure and open the door for a retest of recent highs. Bearish scenario: Failure near current levels may increase pressure toward 28,750, with deeper weakness possible if support fails. For now, the channel remains intact — meaning traders may want to respect resistance until proven otherwise. Do you expect US100 to break higher from this structure, or revisit support first?