📊 NASDAQ 20th February 2025 Daily Analysis: Strategic Trade Zones & Setups

Daily Current Market Price (DCMP): 22,073

🔑 Critical Zones

Above DCMP (Resistance/Sell):

Immediate Resistance: 22,161 🚧

Strong Resistance: 22,315 🚨

Swing High: 21,944 (Daily timeframe)

Below DCMP (Support/Buy):

Immediate Support: 21,861 🛡️

Strong Support: 21,375 🎯

Swing Low: 20,622 (4H timeframe)

📊 Technical Snapshot

Key Levels:

Buy Zone: 21,861 | Sell Zone: 22,161

Fibonacci:

61.8% retracement aligns with 21,861 support.

38.2% extension at 22,161 resistance.

RSI: Neutral at 54, no divergence detected.

MACD: Bullish momentum weakening near 22,161 resistance.

💼 Trade Setups

🟢 Intraday Buy Setup

Entry: 21,861 🎯

Stop Loss: 21,375 ❌

Take Profit 1: 22,066 ✅

Take Profit 2: 22,315 ✅

Rationale: Strong Fib support convergence with bullish reversal signals.

🔴 Intraday Sell Setup

Entry: 22,161 🎯

Stop Loss: 22,315 ❌

Take Profit 1: 21,861 ✅

Take Profit 2: 21,660 ✅

Rationale: Resistance cluster with MACD signaling bearish momentum shift.

⚠️ Risk Management

Maintain 1:3 risk-reward ratio.

Avoid trading during Fed speech windows.

Adjust stops to breakeven after TP1 is hit.

Key Swing Levels: High at 21,944 | Low at 20,622

🔍 Analysis integrates price action, Fibonacci retracements, and momentum indicators for high-confidence execution.