USTECH: $29K Support Bounce — Road to $30K+?US Tech 100 CFDWHSELFINVEST:USTECH100CFDPremiumTrader57🚀 **US TECH 100: Testing $29,000–$29,200 Support — Retest of $30,000 & $30,650 Ahead?** The Nasdaq (US Tech 100) has swept into its primary multi-week horizontal base around 29,000–29,200 following a prolonged 4H corrective decline. Price is printing notable lower rejection wicks directly off this demand shelf, indicating early buyer absorption around 29,582. Here are three primary ways I’m looking to play this setup: 📌 The Game Plan & Technical Breakdown Scenario 1: Support Hold & Continuation (Momentum Play) If buyers continue to defend the 29,000–29,200 horizontal shelf on the 4H timeframe, look for an immediate recovery expansion toward Target 1 at 30,000. A decisive breakout and 4H close above the broken 30,200 shelf flips structural resistance into support, clearing the runway for Target 2 at 30,650. Scenario 2: Support Floor Retest (Discount Play) If price faces short-term rejection beneath 30,000, watch for a controlled pullback back into the 29,100–29,300 pocket to test secondary buyer demand. Strong absorption in this zone maintains the accumulation structure, offering a high-reward entry before the rotation back upward. Scenario 3: Breakdown Below $28,900 (Bearish Shift Play) If selling volume expands and forces a decisive 4H candle close below the 28,900 base, the current support structure fails completely. In that case, avoid long entries and look for a short continuation or retest sell toward the next major macro liquidity floor near 28,200–28,000. 🎯 Key Targets & Parameters Support Buy Zone: 29,000 – 29,200 Breakout Flip Zone: 30,200 Invalidation / SL: Below 28,900 (Clean 4H close below base) Target 1: 30,000 (Immediate Resistance Shelf) Target 2: 30,650 (Major Higher-Timeframe Target) Target 3 (Bearish Breakdown): 28,200 (Macro Structural Floor) What’s your take? Are bulls holding 29,000 for a direct push to 30,000+, or do we see Scenario 3 break the floor wide open? Drop your thoughts below! 👇 ⚠️ Disclaimer: Strictly for educational and analytical purposes. Always manage your risk properly!