NVIDIA - Is The Rug Pull is Coming?

I've been sitting on the sidelines since November because $NVIDIA(NVDA)$ has been compressing without any real buying pressure on the higher time frames.

We got the bounce to $140 as expected, but unfortunately, I think the rug is about to get pulled.

NVDA Breakdown Incoming?

I almost never trade puts—especially on a stock trending up—but NVDA looks like a textbook short setup.

The weekly trend is still bullish, but every bounce keeps making lower highs & lower lows.

We’ve been watching $140 as the bearish smart money zone, and I wouldn’t be surprised if this is a trap.

Earnings are in a few days, so I’m staying out, but a retest of $110 wouldn’t shock me.

Watch your risk.

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Comments

Jason1616
02-22
Jason1616
Could be institutional selling into that range , distribution phase. Since you keep seeing lower highs.
Hamboschem
02-23
Hamboschem
Could be worth a punt
Maynrdo
02-24
Maynrdo
Great article, would you like to share it?
Sonsonkok
02-22
Sonsonkok
Great article, would you like to share it?
patricklowck
02-22
patricklowck
Great article, would you like to share it?

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We got the bounce to $140 as expected, but unfortunately, I think the rug is about to get pulled.NVDA Breakdown Incoming?I almost never trade puts—especially on a stock trending up—but NVDA looks like a textbook short setup.The weekly trend is still bullish, but every bounce keeps making lower highs &amp; lower lows.We’ve been watching $140 as the bearish smart money zone, and I wouldn’t be surprised if this is a trap.Earnings are in a few days, so I’m staying out, but a retest of $110 wouldn’t shock me.Watch your risk.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/963450cc5c4d902dcb6c21d481a01089\" tg-width=\"2972\" tg-height=\"1454\">Image</body></html>","htmlText":"<html><head></head><body>I've been sitting on the sidelines since November because <a data-mention-id=\"NVDA\" class=\"teditor-mention\" data-mention-name=\"NVIDIA\" href=\"https://ttm.financial/S/NVDA\">$NVIDIA(NVDA)$</a> has been compressing without any real buying pressure on the higher time frames. We got the bounce to $140 as expected, but unfortunately, I think the rug is about to get pulled.NVDA Breakdown Incoming?I almost never trade puts—especially on a stock trending up—but NVDA looks like a textbook short setup.The weekly trend is still bullish, but every bounce keeps making lower highs &amp; lower lows.We’ve been watching $140 as the bearish smart money zone, and I wouldn’t be surprised if this is a trap.Earnings are in a few days, so I’m staying out, but a retest of $110 wouldn’t shock me.Watch your risk.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/963450cc5c4d902dcb6c21d481a01089\" tg-width=\"2972\" tg-height=\"1454\">Image</body></html>","text":"I've been sitting on the sidelines since November because $NVIDIA(NVDA)$ has been compressing without any real buying pressure on the higher time frames. We got the bounce to $140 as expected, but unfortunately, I think the rug is about to get pulled. NVDA Breakdown Incoming? I almost never trade puts—especially on a stock trending up—but NVDA looks like a textbook short setup. The weekly trend is still bullish, but every bounce keeps making lower highs & lower lows. We’ve been watching $140 as the bearish smart money zone, and I wouldn’t be surprised if this is a trap. Earnings are in a few days, so I’m staying out, but a retest of $110 wouldn’t shock me. Watch your risk. 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Since you keep seeing lower highs. ","text":"Could be institutional selling into that range , distribution phase. Since you keep seeing lower highs. ","html":"Could be institutional selling into that range , distribution phase. Since you keep seeing lower highs. 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