US30 Technical Outlook – 07/02/2025

📍 US30 Technical Outlook – 07/02/2025

The bull train keeps rolling! 🚂 Price smashed through the 44,250 resistance level and is now testing the next major zone at 44,700 → 44,760 🔥

🧠 Key Observations:

Price has extended way above the EMAs ✅

EMAs (44,266 and 44,496) still pointing sharply upward ✅

Market consolidating right under 44,760 resistance 📍

📊 Key Price Zones:

🔼 Resistance: 44,700 → 44,760 → 45,000

🔽 Support: 44,500 → 44,250 → 44,000

📈 Trade Setup Ideas:

🔹 Long Bias (Still favored trend-side):

Wait for pullbacks toward 44,500 → 44,250

Buy dips with bullish confirmation patterns (engulfing, pin bars, EMA support hold) ✅

Target: 44,760 → 45,000

🔻 Short Bias (Countertrend – Only on rejection!):

Watch for rejection wicks or bearish reversal setups from 44,700–44,760

Could target quick flush down to 44,500 → 44,250 support

⚠️ Important: Price has been parabolic, so chasing here is dangerous. Wait for clear setups, either dip buys or high-timeframe rejection.