$NQ1! Nasdaq Futures. Close to support

Nasdaq futures is close to the upward sloping support line dating back to Nov 2020. We are not there yet, but I suspect a little bounce off this level. Sentiment seems to becoming more negative by the day, and if support on this trendline does not hold, another 5% downside potential is on the table. I would be careful into being lured into exposing myself too much on the long side with the expected bounce. My expectation is that a very hot tech market could unwind a bit in coming weeks/months. Trend line support is key and something to keep an eye on.