🚀 $NVDA LONG SETUP – Potential Recovery Bounce.
Long Entry: 159 – 161
TP1: 166
TP2: 170
TP3: 178
SL: 141
Setup Logic:
On the 1H timeframe, NVDA has experienced a significant bearish correction, with strong selling pressure pushing price down from the 180–190 region toward the 155–161 support area.
Following the sharp decline, price is showing signs of short-term stabilization, with buyers attempting to defend the recent lows. The current entry zone offers an opportunity to capture a potential technical rebound after the extended sell-off.
We are anticipating a recovery as selling pressure gradually eases and buyers attempt to regain control. A sustained hold above the 159–161 zone, followed by a breakout above nearby resistance, could open the way toward 166, 170, and potentially 178.
The setup is based on a potential relief rally from the lower support region, with confirmation depending on buyers successfully defending the current price zone.
Long Entry: 159 – 161
TP1: 166
TP2: 170
TP3: 178
SL: 141
Setup Logic:
On the 1H timeframe, NVDA has experienced a significant bearish correction, with strong selling pressure pushing price down from the 180–190 region toward the 155–161 support area.
Following the sharp decline, price is showing signs of short-term stabilization, with buyers attempting to defend the recent lows. The current entry zone offers an opportunity to capture a potential technical rebound after the extended sell-off.
We are anticipating a recovery as selling pressure gradually eases and buyers attempt to regain control. A sustained hold above the 159–161 zone, followed by a breakout above nearby resistance, could open the way toward 166, 170, and potentially 178.
The setup is based on a potential relief rally from the lower support region, with confirmation depending on buyers successfully defending the current price zone.
