US30 Technical Breakdown – 11/04/2025

📍 US30 Technical Breakdown – 11/04/2025

US30 faced heavy selling pressure after rejecting the 48,000 psychological resistance 🚫 The index has been in a steady decline since, currently sitting near 46,950, testing the mid-range structure support 👀

📊 Market Behavior:
🔹 Clean rejection from 48,000 → clear short-term shift in sentiment
🔹 Price trading below both EMAs → momentum favoring sellers
🔹 47,000 area acting as temporary support — watch for a bounce or breakdown

📌 Key Levels:

🔹 Resistance Zones:
47,400 → intraday EMA resistance
47,700 → lower high zone
48,000 → key breakout barrier

🔹 Support Zones:
46,900 → current structure support
46,520 → major demand area
46,000 → deeper correction level

🧠 Bias:
Short-term bearish ⚠️
➡️ Below 46,900 → sellers in control
⬆️ Break above 47,400 → potential reversal zone