NVDA is looking ripe for a short, with the market structure breaking down in a big way. The current price action is screaming for a reversal, and I'm all over it.
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🔴 NVDA SHORT 📉
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📍 Entry Range: $214.3155 – $214.7445
🛑 Stop Loss: $220.9659 (-3.0%)
🎯 TP1: $211.3120 (+1.5%)
🏆 TP2: $203.8035 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 88%
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We've got a bunch of signals firing here, including a clear CHoCH break, CVD confirming the direction, and a juicy FVG just waiting to be filled. The OB and POI confluence are the icing on the cake, making this setup super compelling. It's a high-confidence trade, with everything pointing to a move lower.
The 3.0% SL is a bit tight, but with 2x leverage, we can make this trade work and still get a great risk/reward ratio of 1:1.7.
I'll be looking to take some profits off the table at TP1, just to bank some cash and free up some mental capital for the rest of the trade.
Not financial advice — always manage your own risk 🙏
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