📉 Trade Setup: $NVDAon (NVIDIA Ondo)
Market structure on $NVDAon is flashing clear exhaustion signals. After a volatile distribution phase, price has lost bullish control and confirmed a decisive breakdown below key local support.
🔍 Market Structure Breakdown
Clear bearish transition in progress
Price trading below SuperTrend (10,3) → now acting as strong overhead resistance at $181.62
Formation of lower highs, signaling trend weakness
Latest hourly candle shows sharp rejection from EMA cluster
➡️ Prior uptrend structure is officially invalidated
💧 Capital Flow & Momentum Insight
📊 Volume:
Bearish candles printing with above-average volume
Strong sign of active distribution by smart money
📉 StochRSI:
Momentum rolling over
StochRSI 60.60 crossed below signal 65.06
Relief bounce losing strength → downside expansion likely
🚀 Trade Plan
Bias: 🐻 Bearish | Short-sellers in control
Entry Zone: $177.70 – $179.50
(Ideal entries on minor pullbacks / support flip retests)
Stop Loss: $182.50
(Above SuperTrend + recent swing high = thesis invalidation)
🎯 Profit Targets
TP1: $172.00 🎯 (Liquidity gap)
TP2: $165.50 🎯 (Key structural support)
TP3: $158.00 🎯 (Major psychological level)
🛡 Final Bias: BEARISH 🐻
Confluence of SuperTrend breakdown, negative momentum crossover, and rising sell volume suggests the correction is not finished yet.
📌 As long as price stays below $182, the path of least resistance remains downward.
👀 Want me to monitor $181.62 resistance and alert you if SuperTrend flips bullish again?
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