NAS100 / US TECH 100 — BEARISH REVERSAL SETUPUS Tech 100 CashIG:NASDAQMarketStrategysignals# 📊 NAS100 / US TECH 100 — BEARISH REVERSAL SETUP 🔴📉 ### 🔎 Market Overview The **US Tech 100 (NAS100)** is currently showing a clear **short-term bearish structure** after facing strong rejection from the **30,200–30,250 resistance area**. Price has been forming **lower highs and lower lows**, indicating that sellers remain active. The current price is around **29,137**, with price trading below the major descending trendline and under the marked **Order Block**. This keeps the short-term bias tilted toward the downside. ### 🧱 Key Resistance & Order Block The **29,400–29,500 zone** is the most important area to watch. This region combines: * 🔴 Previous price reaction * 🔴 Marked **Order Block** * 🔴 Descending trendline resistance * 🔴 Potential liquidity/supply area If price retraces into this zone and shows bearish rejection, it could provide a strong continuation opportunity for sellers. ### 📉 Bearish Scenario If NAS100 reaches the **29,400–29,500 Order Block** and fails to break above it, the expected path is: **29,400–29,500 → 29,100 → 29,000 → 28,800 📉** The **28,800 area** is especially important because it overlaps with the marked **Demand Zone**. A reaction from this zone could produce a temporary bullish bounce. ### 🎯 Potential Targets **SELL AREA:** 29,400–29,500 🎯 **TP1:** 29,100 🎯 **TP2:** 29,000 🎯 **TP3:** 28,800 Demand Zone 🛑 **Invalidation:** A strong breakout and sustained move above the **29,500 resistance/order-block area** would weaken the bearish setup. ### 🏦 Higher-Timeframe Levels The chart also shows major structural levels: 🔴 **Major Resistance:** ~30,246 🟢 **Major Support:** ~27,956 The larger structure therefore remains important: rejection below the major resistance favors further downside, while a decisive recovery above the marked resistance zones could change the bearish outlook. ### 📌 Final Outlook **NAS100 remains bearish below the 29,400–29,500 Order Block.** Sellers have the advantage while price remains below the descending trendline. A rejection from the order block could open the way toward **29,000 and 28,800 demand**. 📉🔥 **Bias: 🔴 BEARISH — SELL THE REJECTION | TP: 29,100 → 29,000 → 28,800** ⚡📊