NVDA: A single daily long bearish candle pushed 229 down to 218. In just 4 hours, the single candlestick drop was 4.3%, and on the K-line chart it looks like it’s broken down.
But the way it was dumped doesn’t look right: the contract open interest was cut by 19.6% over 7 hours, and the funding rate went straight to zero.
Liquidation is the fastest route to smash the price—and also the fastest way to burn capital. This drop isn’t the main players distributing shares; it’s a chain reaction of leveraged long positions getting liquidated. Once the fuel is burned out, the sell pressure disappears. At the same time, the whale long positions actually increased over 7 hours by 39%. The longs’ account share rose to 58.3%, even higher than the overall accounts. Big players are picking up near 218.
Aggressive buy orders make up 53.1%. Even on the spot order book, buy orders are pressing against sell orders by a 1.13x ratio. The price looks ugly, but the money’s direction is going the opposite way from the K-line.
I’m bullish. 218 is the confluence of the 24-hour low and the daily low support zone. After the leverage is cleaned out, this is the last bullet for the shorts. Go long at support. Target 225. Stop loss at 216.5.
Reversal conditions: if it breaks below 218 and open interest rebounds with renewed volume, and the price continues to fall, it means the buyers failed to catch it—flip to short immediately.
#nvda $NVDA
But the way it was dumped doesn’t look right: the contract open interest was cut by 19.6% over 7 hours, and the funding rate went straight to zero.
Liquidation is the fastest route to smash the price—and also the fastest way to burn capital. This drop isn’t the main players distributing shares; it’s a chain reaction of leveraged long positions getting liquidated. Once the fuel is burned out, the sell pressure disappears. At the same time, the whale long positions actually increased over 7 hours by 39%. The longs’ account share rose to 58.3%, even higher than the overall accounts. Big players are picking up near 218.
Aggressive buy orders make up 53.1%. Even on the spot order book, buy orders are pressing against sell orders by a 1.13x ratio. The price looks ugly, but the money’s direction is going the opposite way from the K-line.
I’m bullish. 218 is the confluence of the 24-hour low and the daily low support zone. After the leverage is cleaned out, this is the last bullet for the shorts. Go long at support. Target 225. Stop loss at 216.5.
Reversal conditions: if it breaks below 218 and open interest rebounds with renewed volume, and the price continues to fall, it means the buyers failed to catch it—flip to short immediately.
#nvda $NVDA
