US30 Pushing Into Resistance Again – 08/05/2025

🧨 US30 Pushing Into Resistance Again – 08/05/2025 🧨
US30 is knocking on the resistance door again! 📈
After grinding up from 39,775 and defending the key 40,700–40,800 zone, price is now challenging the 41,300–41,400 area, which rejected price earlier this week.

Momentum is holding but slowing slightly — we’re stuck between strong support and a heavy ceiling 💥. EMAs still bullish, but risk of a fakeout is growing if we don’t break soon…

🔍 Updated Key Zones:
🔹 Resistance = 41,300 – 41,400
🔹 Support = 40,694 – 40,800
🔹 Last higher low = 39,775
🔹 EMA 20 + EMA 50 still trending up — short-term bullish bias ✅

🎯 Trade Scenarios to Watch:
🔺 Break + hold above 41,400 = potential expansion toward 41,800–42,000 zone
🔻 Fail to hold 40,700 → could trigger dump back toward 39,775
📉 Lose 39,775 = confirmed shift in structure → shorts into 38,800–39,200 🔥

🧠 Trader Mindset Reminder:
🟡 Don’t chase up here — wait for breakout confirmation or rejection
🟢 EMAs are still your friend → trend is your ally
❌ Avoid fakeouts — this zone has trapped before!