NAS100 Testing Demand Zone – Major Reversal or More Drops?

📊 Market Overview:
The NASDAQ 100 (NAS100) just tested a strong demand zone (18,900 - 18,950) and is showing signs of a potential reversal. Can buyers push the price higher, or will bears take control?

🔹 Key Resistance Levels: 19,568 | 20,160
🔹 Current Price: 18,977
🔹 Key Support Levels: 18,896 (demand zone)

📉 Price Action Breakdown:
1️⃣ Sharp Drop into Demand Zone

Price recently fell from 19,568 after failing to break higher.

Buyers are now defending the 18,900 support zone, which has historically held strong.

2️⃣ Bullish Reversal Setup?

If the price holds above 18,900, we could see a bullish rally toward 19,568.

A breakout above 19,568 may open the way for 20,160+.

3️⃣ Bearish Breakdown Risk

If the price drops below 18,896, expect further downside towards 18,600 - 18,500.

Sellers would regain control, confirming a bearish continuation.

📊 Trading Plan:
📍 Bullish Case:
🔹 Look for bullish confirmation in the 18,900 - 18,950 zone.
🔹 A strong bounce could target 19,568, then 20,160.

📍 Bearish Case:
🔹 If price fails to hold 18,896, a short setup targeting 18,600 - 18,500 is possible.
🔹 Wait for a clean break & retest before shorting.

🔥 Will NAS100 bounce back from this demand zone, or will sellers dominate? Drop your thoughts in the comments! 👇

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