Semis at a Crossroads 🔥 $MU Defends $900, $NBIS Breaks Support, $NVDA Tests $210

PeterDiCarlo
08-25

Good morning! 👋

Here’s the latest read on three key semiconductor names:

🔥 $Micron Technology(MU)$ Bulls Have One Level to Defend

$MU bulls, you need to hold $900. If that level breaks, things could get ugly fast.

The last major volume-profile support is still holding. Best case, I’m looking for a rebound toward the $1,100 institutional sell zone.

⚠️ But lose $900, and we could see a 30%–40% redistribution toward the institutional buy zone.

I’m staying out of semis here. The upside simply isn't worth the risk. I’d rather wait and see whether $MU eventually reaches my buy zone over the coming months.

💥 $NEBIUS(NBIS)$ Support Gives Way

The key support block has broken, opening the door for a move toward the $190 volume gap this week.

🎯 $NVIDIA(NVDA)$ Hits Smart Money Take-Profit Zone

$NVDA hit the Smart Money take-profit zone almost perfectly.

There’s now a major volume node and supply zone around $210 on the daily volume profile, and I’m watching for a short-term bottom to form here.

If $210 fails, the next redistribution target is around $190.

For now, I still have no trade open.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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