NVDA is on the verge of a significant downturn, with market structure breaks and volume confirmations pointing to a potential reversal. The current price action is setting up a compelling short opportunity.
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🔴 NVDA SHORT 📉
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📍 Entry Range: $194.5053 – $194.8947
🛑 Stop Loss: $200.5410 (-3.0%)
🎯 TP1: $191.7795 (+1.5%)
🏆 TP2: $184.9650 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 81%
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This NVDA short setup is driven by a combination of bearish signals, including a clear CHoCH market structure break, CVD indicating volume is confirming direction, and an OB forming at a key level, all of which are aligning with POI confluence for a strong entry point. The overlap of order blocks and fair value gaps adds to the conviction, suggesting a well-defined path for price movement. The structure looks ripe for a move downwards, given the current market context and the specific signals that have fired.
With a 3.0% stop loss, which is on the tighter side, this trade will require careful leverage management, likely fitting best with lower to moderate leverage to maintain a healthy risk profile.
Taking partial profits at the first target would be prudent, allowing the trade to breathe and potentially scale into the full potential of the move, especially if the market continues to respect the outlined structure and levels.
Not financial advice — always manage your own risk 🙏
#NVDAUSDT $NVDA #SMC #Write2Earn #Binance
━━━━━━━━━━━━━━━━━━━━━
🔴 NVDA SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $194.5053 – $194.8947
🛑 Stop Loss: $200.5410 (-3.0%)
🎯 TP1: $191.7795 (+1.5%)
🏆 TP2: $184.9650 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 81%
━━━━━━━━━━━━━━━━━━━━━
This NVDA short setup is driven by a combination of bearish signals, including a clear CHoCH market structure break, CVD indicating volume is confirming direction, and an OB forming at a key level, all of which are aligning with POI confluence for a strong entry point. The overlap of order blocks and fair value gaps adds to the conviction, suggesting a well-defined path for price movement. The structure looks ripe for a move downwards, given the current market context and the specific signals that have fired.
With a 3.0% stop loss, which is on the tighter side, this trade will require careful leverage management, likely fitting best with lower to moderate leverage to maintain a healthy risk profile.
Taking partial profits at the first target would be prudent, allowing the trade to breathe and potentially scale into the full potential of the move, especially if the market continues to respect the outlined structure and levels.
Not financial advice — always manage your own risk 🙏
#NVDAUSDT $NVDA #SMC #Write2Earn #Binance