🎯 NASDAQ 30th January 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 21,510

Key Levels:

Below DCMP: Support at 21,291 (BUY Zone)

Above DCMP: Resistance at 21,546 (SELL Zone)

📊 Technical Overview

Swing High: 22,143 (Daily timeframe)

Swing Low: 20,515 (Daily timeframe)

Critical Triggers:

Intraday Buy: 21,198 (Strong Historical Support)

Intraday Sell: 21,638 (Key Resistance)

Fibonacci Levels: Align with support/resistance zones, reinforcing reversal potential.

RSI & MACD: RSI near 52 (neutral); MACD shows bullish momentum fading near resistance.

📈 Intraday Trade Setups

Intraday Buy Trade Idea

Entry: 🎯 21,198 (Key Support Zone)

Stop Loss: 🛑 21,085 (Below Support3)

Take Profit 1: 🚀 21,291 (Immediate Resistance)

Take Profit 2: 🚀 21,419 (Daily Pivot)

Rationale: Rebound likely at 21,198, a multi-session support level, targeting 21,419.

Intraday Sell Trade Idea

Entry: 🎯 21,638 (Key Resistance Zone)

Stop Loss: 🛑 21,752 (Above Resistance3)

Take Profit 1: 🚀 21,212 (Support2)

Take Profit 2: 🚀 20,515 (Swing Low)

Rationale: Resistance at 21,638 aligns with bearish reversal patterns, targeting 20,515.

📉 Critical Support & Resistance Levels

Resistance: 21,546 → 21,625 → 21,752

Support: 21,291 → 21,212 → 21,085

💡 Final Insights

NASDAQ consolidates near 21,510, with bulls defending 21,198 and bears dominating above 21,638. Trade setups prioritize reactive entries at these triggers. Tight risk management is critical amid volatile tech-sector dynamics.