US30 Market Recap – 07/08/2025

📍 US30 Market Recap – 07/08/2025

The bulls lost steam, and momentum shifted 📉
After tapping a local high near 44,867, price got rejected hard and broke below both EMAs for the first time in over a week 🚨

🧠 What’s Changed:

Clean lower high formed around 44,800s

EMA structure broken → 20 EMA crossed below the 50 EMA

Price now consolidating under 44,450 zone

📊 Key Levels:

🔼 Resistance: 44,521 → previous EMA zone

🔽 Support: 44,250 → then 44,000

📈 Trade Setup Ideas:

🔻 Short Setup (Primary Bias):

Look for rejection around 44,450–44,500 zone

Entry: Bearish engulfing or break/retest from 15min or 1H

Targets: 44,250 → 44,000

SL: Above 44,600

🔹 Long Setup (Only if Reclaimed):

Bulls must reclaim 44,600 and flip it to support

Watch for strong breakout candle + volume

Target: 44,800 → 44,867

SL: Below 44,450