NVDA Most likely reaction to trump team comment " gradually ramping up tariff to avoid negative impact on inflation". Everyone is running AH as we speak lol
Here's my technical outlook for NVIDIA (NVDA). I've identified key levels and mapped out a strategic trading plan that focuses on market imbalances, gaps, and major support/resistance zones.
Key Highlights: Price Resistance: NVDA faces resistance at the upper range, which aligns with potential sell-side pressure. Gaps: Multiple gaps indicate areas where price may seek balance in the near future. Imbalances: I've highlighted major zones of imbalance that could act as magnet levels for price retracement. Buying Levels: First Level: $130 Second Level: $115 Third Level: Lower target zone (waiting for confirmation). Indicators: RSI shows a potential shift in momentum around these levels. Strategy: I plan to wait for price action confirmation before entering any trades at the identified levels. Watching for reactions, candlestick patterns, and volume spikes to validate these zones. Proper risk management is in place with stops below invalidation levels.
What are your thoughts on this setup? Feedback and constructive insights are always welcome. Let’s discuss!