$NVDA equity perps are flashing pure retail FOMO into the exact September ceiling that triggered the last $25 dump. Mainstream headlines are blasting record buyback figures while late buyers chase the tape above $230, handing liquidity straight to distribution desks.

I am fading this euphoria inside the $231.50 to $233.00 supply wick. Lock in partials at $226.50 once the $229.50 mid-pivot cracks, and target $224.00 flat at the demand base. If a 4H candle closes above $235.50, this double top invalidates and you cut the short immediately without looking back.