NVIDIAShort
NVIDIA (NVDA) | Time to Short - Top Reached
Here's a potential short trade idea for NVIDIA with a focus on short-term movement while maintaining a long-term bullish outlook:
Trade Plan:
1. Entry Zone: Look for a short around the green resistance box (~$143.88 - $149.85).
2. Stop Loss: Place it slightly above the upper resistance at $152.15.
Targets:
- Target 1: $124.00
- Target 2: $111.74 (next key support zone)
Reasoning:
- NVIDIA appears to have reached a short-term top.
- Wave patterns indicate a possible retracement before resuming the long-term uptrend.
- This trade idea is for swing traders comfortable with shorting.
Keep in mind that NVIDIA remains bullish on a larger timeframe.
Trade Plan:
1. Entry Zone: Look for a short around the green resistance box (~$143.88 - $149.85).
2. Stop Loss: Place it slightly above the upper resistance at $152.15.
Targets:
- Target 1: $124.00
- Target 2: $111.74 (next key support zone)
Reasoning:
- NVIDIA appears to have reached a short-term top.
- Wave patterns indicate a possible retracement before resuming the long-term uptrend.
- This trade idea is for swing traders comfortable with shorting.
Keep in mind that NVIDIA remains bullish on a larger timeframe.
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