Long - NQ price entry and targets
Key Levels:
Long Bounce Level: $20,728.25 — a potential point where buyers might step in for a bounce.
Strong Bounce Level: $20,481.50 — a stronger area of support where a significant reaction is expected if tested.
Targets:
First Target: $20,905.75 — an initial resistance level where partial profits could be taken.
Final Take-Profit (TP): $21,237.50 — a major resistance level where all positions should be closed.
Bias:
As long as the price holds above $20,369, the bias remains long. This level acts as a key support line to maintain upward momentum.
Trade Strategy:
Monitor price action around the bounce levels for potential entries. Look for signs of support (wicks or consolidations) on the 1-hour or 4-hour timeframes.
If price dips below $20,369, reconsider the long bias or wait for confirmation of a reversal.
Long Bounce Level: $20,728.25 — a potential point where buyers might step in for a bounce.
Strong Bounce Level: $20,481.50 — a stronger area of support where a significant reaction is expected if tested.
Targets:
First Target: $20,905.75 — an initial resistance level where partial profits could be taken.
Final Take-Profit (TP): $21,237.50 — a major resistance level where all positions should be closed.
Bias:
As long as the price holds above $20,369, the bias remains long. This level acts as a key support line to maintain upward momentum.
Trade Strategy:
Monitor price action around the bounce levels for potential entries. Look for signs of support (wicks or consolidations) on the 1-hour or 4-hour timeframes.
If price dips below $20,369, reconsider the long bias or wait for confirmation of a reversal.
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