NAS100 Bearish Reversal from Supply Zone – Short SetupThe 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.
