NVDA, this 8% push upward looks scary: four straight hours with six consecutive bullish candles—but the ammunition that’s keeping the gains elevated is being drained. In the past seven hours, large speculators cut long positions by nearly 30%, and in the active trades the sell orders are still sitting on top of the buy orders. Prices are rising, but the earliest capital that entered is withdrawing.
This leverage had been stacked by a 50% breakout surge within 24 hours; but over the last seven hours, the OI quantity is shrinking rather than increasing, and the funding rate is still stuck near 0—nobody is willing to pay the cost to open fresh longs. It’s only old positions hard-carrying.
The big players’ moves are the most straightforward: in seven hours they cut 29.84% of long positions, and the number of accounts fell by 35% too. Coupled with active sell orders accounting for 52.3%, this rally is being taken by the latecomers who chased higher—while the ones unloading are the earliest entrants.
So at this level I won’t go long. Instead, I’ll short. First target: the 15-minute MA50 at 225.6. If it breaks, head below 224. On the other hand, if active buy volume once again overwhelms sell volume, OI turns and starts piling back up, and the funding rate flips positive—then the leverage is back on, and this setup is invalid. I’ll close my position and admit I’m wrong. #nvda $NVDA
This leverage had been stacked by a 50% breakout surge within 24 hours; but over the last seven hours, the OI quantity is shrinking rather than increasing, and the funding rate is still stuck near 0—nobody is willing to pay the cost to open fresh longs. It’s only old positions hard-carrying.
The big players’ moves are the most straightforward: in seven hours they cut 29.84% of long positions, and the number of accounts fell by 35% too. Coupled with active sell orders accounting for 52.3%, this rally is being taken by the latecomers who chased higher—while the ones unloading are the earliest entrants.
So at this level I won’t go long. Instead, I’ll short. First target: the 15-minute MA50 at 225.6. If it breaks, head below 224. On the other hand, if active buy volume once again overwhelms sell volume, OI turns and starts piling back up, and the funding rate flips positive—then the leverage is back on, and this setup is invalid. I’ll close my position and admit I’m wrong. #nvda $NVDA
