NASDAQ 100 Forecast: Plunge? 🤔📉

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.

📰Fundamentally,

• The NASDAQ 100 fell again during the Tuesday session, as a major "risk off" attitude persisted in the markets.
• With interest rates rising, this almost certainly has a negative impact on markets, and I believe that they will continue to struggle as a result.
• The 11,500 level, as expected, has some psychological significance, but I believe the market will have to decide whether it's about interest rates, risk appetite, or both.

🤔On the technical front,

1.) Looking at the H4 chart, I am looking for a sell entry at 11710.26, where the 38.2% Fibonacci line is.

2.) Stop loss will be at 12115.34, where the previous swing high is.

3.) I intend to take a profit at 11037.21, slightly below where the 23.6% Fibonacci line is located.

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Trade Entry recommendations:

Sell Entry: 11710.26📉

Take Profit: 11037.21 💲

Stop Loss: 12115.34❌

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Other tickers to recommend:

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

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