To The Moon

Hello, good day traders! 👋🤙

I'm looking for a potential sell 📉 setup for $NASDAQ 100(NDX)$ , with both fundamental and technical indicators to back it up.

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📰Fundamentally,

• Despite Friday's gains, the S&P 500 and Nasdaq Composite still posted weekly losses as recession worries continue to dampen investor confidence.
• The major indexes fluctuated earlier in the session after the Federal Reserve's preferred inflation indicator, the core personal consumption expenditures price index, came in slightly hotter than expected on a year-over-year basis, showing that inflation is persisting despite the Fed's efforts to combat it.

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🤔On the technical front,

1.) Looking at the H4 chart with price being below the Ichimoku cloud it indicates a bearish market, I am looking for a sell entry at 11077.97, where the 23.6% Fibonacci line is.

2.) Stop loss will be at 11300.35, where the previous swing high and 38.2% Fibonacci line are.

3.) I intend to take a profit at 10677.48, slightly below where the 78.6% Fibonacci line is located.

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Trade Entry recommendations:

Sell Entry: 11077.97📉

Take Profit: 10677.48 💲

Stop Loss: 11300.35❌

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Other tickers to recommend:

For 5x Long Leverage: $Nasdaq 5xLongSG240425A(CZFW.SI)$ 

For 5x Short Leverage: $Nasdaq 5xShortSG240425(CXEW.SI)$