NASDAQ: Key Support at 21,500 Poised to Propel a Rally Toward 22

Looking at the chart, the 21,500 level is a strong support zone as it aligns with previous bullish positions and significant volume activity. This support could act as a solid base for a potential upward move toward the 22,000 resistance level.

Key Observations:
21,500 Support Zone:

Historical bullish activity suggests buyers are actively defending this area.
The price has bounced from this level, reinforcing its strength.
Volume Profile:

Heavy volume concentration near the support indicates strong interest in this region.
Limited resistance zones between 21,500 and 22,000 support the case for a move upward.
Target Resistance:

22,000 is a psychological and technical resistance level.
Reaching this level would require sustaining bullish momentum above 21,500.
If the price remains above 21,500, it could fuel a bullish rally toward 22,000, assuming no external bearish factors interfere. Monitoring price action near these levels is crucial for trade planning.