$NVDAX USDT Nvidia late-day review: Broke down quickly after a high-level breakout; rebounds hit resistance—prefer taking short positions first

News: The market’s expectations for long-term demand of AI chips have diverged, and the tech giant sector collectively saw profit-taking. US stock risk appetite cooled somewhat; funds cashed out and fled at high levels. In the short term, there is a lack of industry-positive catalysts exceeding expectations to push the price higher again. After a prior sustained uptrend that built up a large volume of long-side profits, concentrated selling pressure continues to release; rebound continuation remains weak.

Technicals: After high-level consolidation on the 4-hour timeframe, a large bearish candle broke down and moved lower, damaging the long-side structure. Short-term moving averages turn downward, forming suppression. The FVG gap left above is the core pressure zone at 199.0-202.0; bullish momentum quickly fades. Below, near-term support is 193.5, with key support around 190.

Trading plan: When the rebound reaches the 199.0-202.0 pressure zone, scale in short positions in batches. At the current price around 194.8, it’s not recommended to chase shorts directly; wait for the rebound to face pressure before entering. For short-term targets, first look at 193.5; if there is an effective breakdown, then further downside may extend toward 190.

⚠️US tech stocks are highly volatile and easily affected by broader market news. All orders must strictly set stop-losses; no holding positions for the long term is allowed.
(This article is only for sharing trading ideas and does not constitute any investment advice)
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