$NVDAX /USDT (NVIDIA xStock)

Current Price Action Snapshot

Price: 205.78 USDT (+2.07% in last 24h)
24h Range: 199.83 – 206.37
Volume: Decent (405 NVDAX, ~82k USDT turnover)

Two timeframes compared:
1. 4H Chart (short-term view):

Sharp rejection from ~232 area earlier this week.
Violent sell-off down to 199.83 low.
Current candle showing recovery, sitting right on the lows of the recent range.
Moving Averages: Price has crossed above short-term MA5 (204.88) and MA10 (204.72) — bullish short-term signal, but still well below MA30 (214.32) which is acting as dynamic resistance.
MACD: Still negative (-0.35) with histogram showing some weakening bearish momentum but not fully flipped.

2. 1D Chart (bigger picture):

Since mid-May peak near 240.86, we’ve been in a clear downtrend with lower highs and lower lows.
Price currently sitting in the middle of the recent range after a strong daily green candle.
MAs still sloping down: MA5 209.50, MA10 214, MA30 218.40 — price is below all of them.
MACD on daily: Bearish but flattening (-1.98).

Key Levels

Immediate Support: 199.83 (24h low) — strong bounce point today.
Next Resistance: 214–215 (MA30 on 4H + previous structure), then 225–232 zone.
Major Support below: 195.06 (bigger swing low).

Overall Bias
Short-term bullish (recovery + crossing short MAs on 4H).
Medium-term cautious to bearish (still below daily MAs in a downtrend channel).
The move from 199.83 to 205.78 shows buyers stepping in aggressively after the flush. NVIDIA real stock (NVDA) is also showing some strength today, which helps.
Trade Idea (Swing/Intraday)
Long Setup:

Entry: Current levels or on pullback to 202-203.
Stop Loss: Below 199.00 (invalidates the bounce).
Targets:
TP1: 214 (MA30 + round number) → ~4% upside
TP2: 225-228 → ~10% upside

R:R very favorable (1:3+ if you scale out).

Alternative: If we lose 199.80 decisively on 4H close, flip to short targeting 195 then 178 area.

Risk Management: Max 1-2% account risk. This is still volatile tech — watch US market open and real NVDA price action closely.
DYOR!
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