US30 Technical Outlook – 07/03/2025

📍 US30 Technical Outlook – 07/03/2025

Another day of consolidation at the highs 💼⏳
Price is holding firmly above both EMAs (20 & 50), showing sustained bullish structure—but struggling to break cleanly above 44,700–44,760 🧱

🧠 Key Observations:

Tight consolidation between 44,500 → 44,700

Strong bounce off EMA zones (44,500 area acting as dynamic support)

Still no confirmed breakout of the 44,760 top range

📊 Key Price Zones:

🔼 Resistance: 44,708 → 44,762 → 45,000

🔽 Support: 44,500 → 44,250 → 44,000

📈 Trade Setup Ideas:

🔹 Long Setup (Base case):

Buy pullbacks to 44,500 or EMA zone (20 & 50 EMA support)

Look for a breakout and retest of 44,760 for confirmation

Target: 45,000 psychological zone

🔻 Short Setup (Only on breakout failure):

Look for rejection wicks or bearish engulfing at 44,760

Scalp back toward 44,500 or lower

Only valid if volume drops off or price starts forming LHs/LLs on lower TFs