$NVDA nearly kissed bear market territory overnight—just 1% away from the -20% threshold. Bounced off the lows but the damage is real: over $1 trillion in market cap erased from all-time highs to the $197 trough.
Now the question: can it catch a bid here or does the flush continue?
Watching for a bounce setup over the next few sessions. If it holds this zone, could be a decent long entry. If it breaks lower, the pain trade extends. Classic risk/reward spot—either we get the relief rally or the selling accelerates. No middle ground here.
Now the question: can it catch a bid here or does the flush continue?
Watching for a bounce setup over the next few sessions. If it holds this zone, could be a decent long entry. If it breaks lower, the pain trade extends. Classic risk/reward spot—either we get the relief rally or the selling accelerates. No middle ground here.