US30 Update – 07/23/2025

📍 US30 Update – 07/23/2025

The bulls are back in control 🚀
After consolidating below 44,450, we finally saw a strong breakout above the mid-range and EMAs. Price surged straight into the 44,760–44,867 resistance zone with strength, riding the 9/21 EMA crossover 🟢

We're now testing a major supply zone, so momentum traders should watch for a reaction here.

📊 Market Structure:

✅ Clean higher lows
✅ Breakout above 44,600 resistance
✅ EMAs aligned bullish on 1H
✅ Bullish engulfing + follow-through

🔑 Key Levels:

🔼 Resistance: 44,764 → 44,867
🔽 Support: 44,450 → 44,171

🧠 Market Bias:
Short-term bullish ✅
➡️ Holding above 44,600 = bullish continuation
➡️ Rejection at 44,867 = possible pullback/retest

💡 Trade Scenarios:

📈 Breakout Continuation (Aggressive Long):

Entry: Above 44,780

TP1: 44,867

TP2: 44,950

SL: Below 44,700