US30 Market Update – 07/10/2025

📍 US30 Market Update – 07/10/2025

The bounce attempt failed and sellers are still in control 🐻
Price attempted a reclaim above 44,511 but got rejected again and is now consolidating beneath the EMAs 🚨

📊 What We’re Seeing:

Lower highs forming below 44,600

Rejection wicks near EMA levels (bearish pressure)

EMA ribbon is now resistance zone (20 EMA < 50 EMA)

Key intraday support held at 44,220, but barely

🔑 Key Levels to Watch:

🔼 Resistance: 44,511 → critical for bulls to flip

🔽 Support: 44,220, if broken → next is 44,000

💡 Trade Setup Ideas:

🔻 Short Setup (Main Bias):

Wait for rejection near 44,450–44,500

Entry trigger: Bearish engulfing or shooting star

Targets: 44,250 → 44,000

SL: Above 44,600

🔹 Long Setup (If Bulls Step In):

Must reclaim and close above 44,600 on 1H

Look for strong bullish candle with follow-through

Targets: 44,800 retest

SL: Below 44,400