🚨 $NVDA Forecast: Short Trade Opportunity on NVIDIA Stock! 🚨
NVIDIA Corporation ($NVDA) is showing clear signs of weakness on the daily chart. Currently trading at 167.19 USDT, the stock has dropped -1.42% today after hitting a 24-hour high of 169.80 and low of 165.69.
The candlestick reveals a strong bearish move with a long red body, closing near the session low after failing to hold above key levels. Volume stands at a solid 7.65M, confirming seller dominance in this correction phase. NVDA has been under pressure recently, pulling back from higher levels amid broader market volatility in the AI sector.
Technical Breakdown:
Price respected the lower wick support around 165.69 before bouncing slightly but remains capped.
Recent high at 175.70 acts as immediate resistance.
The sharp red candle suggests momentum is shifting southward.
Trade Forecast: SHORT $NVDA / USDT Now!
Entry: Around current levels 167.00 - 167.50 (aggressive on any retest of 167.39)
Take Profit:
TP1: 165.00 (quick scalp near today's low extension)
TP2: 162.50 (deeper correction target)
Stop Loss: 170.50 (above the recent swing high for risk management – approx. 2% risk)
Risk-Reward Ratio: 1:3+ – attractive setup for short-term traders!
This is a high-probability short scalp based on the visible bearish candle rejection and failure to hold gains. Always use proper position sizing and never risk more than 1% of your capital per trade. Markets can turn fast – trade responsibly and manage emotions.
NVIDIA remains a long-term AI powerhouse, but short-term technicals are flashing caution with this downside momentum. Perfect for active traders hunting volatility on Binance Square!
Who’s jumping on this short setup? Drop your thoughts below 👇 Are you bullish or bearish on $NVDA this week?
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