$NVDA ‌ here is a trade plan. The setup is bearish with price breaking below key support.#TradFiCFDGoldMasters



Market Context:
Price is $204.66, down -1.32% today. It is trading below the Bollinger Middle Band (MB: $208.94) and below the SuperTrend ($210.18), indicating a bearish trend. It is currently testing the Lower Bollinger Band (LB: $204.09) support.

Plan A: Short (Sell) on Breakdown (Momentum)

This trade assumes price breaks below the LB and continues down.

· Entry: $203.00(Triggered on a confirmed breakdown below today's low of $203.08).
· Stop-Loss (SL): $206.50 (Above the MB and recent resistance).
· Take-Profit 1 (TP1): $198.00 (Next psychological support).
· Take-Profit 2 (TP2): $194.50 (Next major support level).
· Risk/Reward: ~1:1.5 (Risk: $3.50 / Reward: $5.00).

Plan B: Long (Buy) on Bounce (Reversal)

This trade assumes price holds the LB support and bounces.

· Entry Zone: $203.50 - $204.00 (Near current LB support).
· Trigger: Wait for a bullish reversal candle (hammer or engulfing) with volume.
· Stop-Loss (SL): $201.00 (Below today's low).
· Take-Profit 1 (TP1): $208.00 (Middle Bollinger Band).
· Take-Profit 2 (TP2): $212.00 (Upper Bollinger Band).
· Risk/Reward: ~1:1.5 (Risk: $3.00 / Reward: $4.50).

Key Observations

· Resistance: $206.50** (Immediate), $208.94 (MB), $213.80 (UB).
· Support: $203.08** (Today's low), $204.09 (LB), $198.00 (Next support).
· MACD: Bearish (-0.64) with DIF below DEA, indicating downward momentum.
· Volume: Not specified, but watch for volume spikes on breakdown or bounce.

Action Plan

· Short Bias: Sell if price closes below $203.00** with volume. Target **$198.00.
· Long Bias: Only buy if price holds $203.00** and forms a bullish reversal pattern. Target **$208.00.
· Risk Warning: NVDA is a volatile stock. Use strict stop-losses and avoid overleveraging.

Summary

Trade Entry SL TP1 TP2
Short $203.00 $206.50 $198.00 $194.50
Long $203.50 $201.00 $208.00 $212.00

Final Note: Price is at a critical support level. Watch for a breakout or bounce. Trade with confirmation.
NVDA1.01%
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