NVDA Trade Recap

[Annas Stocks]

Premarket weakness gave way to a sharp recovery off 171.25 at the open, driven by aggressive volume.
First rejection at 176.09 set the tone. Multiple lower highs confirmed sellers were in control.
Support at 172.35 and 171.25 held intraday, but upside remained capped as volume faded.

Key levels respected perfectly:
Resistance: 177.58 → 176.09
Support: 172.35 → 171.25
Structure: Descending triangle
Volume: Strong open >150K/min, then taper likely institutional unloading

What traders should do:
Intraday Short into resistance / scalp at support only with confirmation
Swing Watch 177.58 breakout or 171.25 breakdown for next major move
Options/Futures Stay tactical. Avoid chasing. Let levels lead.

Clean moves. No guessing.
Executed the plan structure over sentiment.

 

[Kripto Tolga]

NVDA...

• 184.62 (short-term resistance): A critical price ceiling where selling pressure has historically dominated.

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Bearish Scenario (If Resistance Holds)​

Failure to break above 184.62 could trigger a ~30% decline, targeting:

• Support Zone: 129.23–135.00 (calculated from a 30% drop from 184.62).

1. Technical Structure: The resistance aligns with:
   • A descending trendline from recent highs.
   • The 61.8% Fibonacci retracement level (if applicable).
2. Catalysts: Macro risks (e.g., Fed policy shifts) or weak earnings could amplify downside momentum.

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Risk Management​

• Stop-loss: A close above 184.62 invalidates the bearish thesis.
• Confirmation: Wait for a daily/weekly close below 170.00 to confirm breakdown momentum.