๐ด Resistance:
- 30,200 โ 30,300 (dotted red line โ key zone)
- 30,600 โ 30,800 (major supply area)
๐ข Support:
- 30,000 (psychological round number)
- 29,600 โ 29,800 (previous structure support)
- 28,800 โ 28,900 (strong demand zone)
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๐ Educational Breakdown:
NAS100 is at a very interesting decision
point right now.
The dotted red line (~30,200) is acting
as a key resistance โ price has tested
this level multiple times recently
without a strong close above it.
Scenario A (Breakout):
Price closes strongly above 30,300 โ
this could push NAS100 back toward
30,600 and potentially 30,800 highs.
Scenario B (Rejection):
Failure to break 30,200โ30,300 leads
to a pullback toward 29,600โ30,000
support zone.
The June 10 drop from 30,200 to 28,280
shows how quickly Nasdaq can move โ
risk management is always essential.
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๐ง Concept of the Day:
"A Round Number like 30,000 often acts
as strong psychological support or
resistance. Large institutions place
orders at these levels โ which is why
price tends to react strongly around
them. Always mark round numbers on
your chart."
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โ ๏ธ This is educational market analysis only.
Not financial advice. Always do your
own research before making any decisions.
August 10, 2026 24
