$NVIDIA(NVDA)$ $GraniteShares 2x Long NVDA Daily ETF(NVDL)$ $Direxion Daily NVDA Bear 1X Shares(NVDD)$ πππ₯ Nvidia on the Edge: My Call Today Is βNo More Than 3% Declineβ π₯ππ
Iβm calling it straight: $NVDA at $169.56 (-1.95%) just slipped under its 50-day MA at $171 for the first time since May, wiping out $340B in value in a four-day, -7% slide. Puts have overtaken calls on Mag 7 net drift, and institutions hedged with a $180C sell against a $190C buy. That pins near-term trading between $165 and $180, with deeper supports stacked at $160 and $145.
Iβm mapping the harmonic deep crab into Christmas and the New Year π¦. September and October are still primed for volatility with Fed moves, tariff noise, and Trump policy risk in play, but Novemberβs heavy $170P sell order suggests a rebound setup as positioning flips into year-end.
Leverage confirms the stress: $NVDL is trading at $78.73 (-3.95%) and eyeing $67.50 support, while $NVDD sits at $4.35 (+1.89%) as bearish flows accelerate.
Iβm convinced that even after the pullback, Nvidia is still +78% from its April lows and remains the worldβs largest at $4.1T. Momentum has cooled but the structure isnβt broken. For today, I expect price to chop inside $165β$180, leaning toward a retest of the lower end before stabilising.
π My call today: No more than 3% decline.
Iβm standing firm on this conviction: the volatility is noise, the range is defined, and todayβs move will respect the structure Iβve laid out.
π’ Donβt miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets ππ Iβm obsessed with hunting down the next big movers and sharing strategies that crush it. Letβs outsmart the market and stack those gains together! π
Trade like a boss! Happy trading ahead, Cheers, BC πππππ
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