📈 NASDAQ 4th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 21,276

Index hovers near 21,276, testing critical technical boundaries

Critical Price Zones 🔍

Below DCMP Support:

✅ 20,837 (Immediate Demand Zone)

✅ 20,622 (Swing Low Anchor)

Above DCMP Resistance:

⛔ 21,302 (Near-Term Supply Zone)

⛔ 21,944 (Swing High Ceiling)

Swing Levels Alert 📌

Swing High: 21,944 (Daily Resistance)

Swing Low: 20,622 (4H Support Base)

Technical Snapshot 📊

Fibonacci Retracement active between 20,622–21,944 range

RSI at 59.8 signals bullish momentum

MACD histogram flattens near zero, indicating consolidation

Trade Setups 💼

Intraday Buy Opportunity 🟢

Entry: 🎯 20,837 (Key Support Cluster)

Stop Loss: 🚫 20,085 (Below Critical Support)

Take Profit 1: 🏁 21,302 (Immediate Resistance)

Take Profit 2: 🏁 21,632 (Mid-Term Target)

Intraday Sell Opportunity 🔴

Entry: 🎯 21,302 (Resistance Zone)

Stop Loss: 🚫 21,944 (Above Swing High)

Take Profit 1: 🏁 20,837 (Core Support)

Take Profit 2: 🏁 20,618 (Mid-Term Objective)

Risk Management ⚠️

Maintain 1:2 risk-reward ratio for asymmetric returns

Monitor Fed policy signals and tech earnings reports

Track US Treasury yields for growth stock correlations

Price action hinges on 21,276. Sustained break above 21,302 may trigger bullish momentum, while failure at 20,837 risks declines toward 20,618.

Liquidity Note: Focus on pre-market (08:30–09:30 ET) and tech sector earnings releases. Geopolitical risks may override technical patterns.