USTEC (Nasdaq) is showing a *clear shift from bullish to bearish structure* on the higher timeframe. After failing to sustain near the *26,200–26,300 supply zone*, price has started breaking key supports and forming lower highs, indicating that sellers are gaining control and a deeper correction could be underway.
### *Key Observations:*
* *Strong Rejection from Highs:* Multiple rejections near *26,265* confirm a strong supply zone.
* *Structure Breakdown (CHoCH):* Market has shifted from bullish to bearish after breaking key support.
* *Immediate Resistance:* 23,700–24,000 zone now acting as supply.
* *Support Levels:*
* 22,260 → first key support
* 20,755 → next downside target
* 19,229 → major demand zone
* *Trend Bias:* Bearish on higher timeframe after loss of momentum.
### *Outlook:*
* *Bearish Scenario (Primary):*
Sustained move below *22,260* can accelerate selling towards *20,755, and potentially **19,200 demand zone*.
* *Bullish Pullback Scenario:*
Any retracement towards *23,700–24,000* may face selling pressure unless strong breakout occurs.
### *Conclusion:*
USTEC is entering a *corrective phase after an extended uptrend. The rejection from highs and structure break suggest **further downside likely*, with rallies expected to be sold into until a clear reversal structure forms.
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