One level traders on $NVDA should not ignore.
We saw a move of +1.76% in the last hour for this perpetual contract. With the price at 169.88, it is holding firmly above support at 169.13 on the 15m chart. ⚔️
If buyers hold this momentum, resistance at 170.83 enters the frame. If the price slips back below support at 169.13, we may see a retest of EMA20 (166.58). 🐂
What data point would change your mind about this current bullish read?
#NVDA #USStocks #HuangExitNvidiaStrategyInFocus
⚠️ Perpetual contracts are leveraged derivatives, not the stock or commodity itself.
DYOR. Size positions carefully and never trade with money you cannot afford to lose.
We saw a move of +1.76% in the last hour for this perpetual contract. With the price at 169.88, it is holding firmly above support at 169.13 on the 15m chart. ⚔️
If buyers hold this momentum, resistance at 170.83 enters the frame. If the price slips back below support at 169.13, we may see a retest of EMA20 (166.58). 🐂
What data point would change your mind about this current bullish read?
#NVDA #USStocks #HuangExitNvidiaStrategyInFocus
⚠️ Perpetual contracts are leveraged derivatives, not the stock or commodity itself.
DYOR. Size positions carefully and never trade with money you cannot afford to lose.
