$NVDA 👀 IS ATTEMPTING A RECOVERY, BUT THE BULLS STILL HAVE SOMETHING TO PROVE.
After a brutal sell-off, NVIDIA has bounced from the $149–$150 region and climbed back toward $164.
But here's what I'm watching closely:
The $165–$169 zone is becoming an important resistance area. Sellers are still showing considerable pressure, and the 1H structure hasn't confirmed a proper bullish reversal yet.
Meanwhile, NVIDIA is facing a major fundamental test. Jensen Huang's unexpected departure has created fresh uncertainty, while investors are preparing for the November 17 earnings report.
My key levels:
- $169: Breakout confirmation zone
- $165: Immediate resistance
- $160: First support
- $155: Major support
- $149: Critical downside level
If buyers reclaim $169 with strong volume, another recovery leg could follow.
But rejection below resistance could send NVDA back toward $160 or even $155. same like a $SOXL
The real question: Is this the beginning of a recovery, or just a temporary bounce before another sell-off? 📊
#NVIDIA #HuangExitNvidiaStrategyInFocus #trending #Binance
After a brutal sell-off, NVIDIA has bounced from the $149–$150 region and climbed back toward $164.
But here's what I'm watching closely:
The $165–$169 zone is becoming an important resistance area. Sellers are still showing considerable pressure, and the 1H structure hasn't confirmed a proper bullish reversal yet.
Meanwhile, NVIDIA is facing a major fundamental test. Jensen Huang's unexpected departure has created fresh uncertainty, while investors are preparing for the November 17 earnings report.
My key levels:
- $169: Breakout confirmation zone
- $165: Immediate resistance
- $160: First support
- $155: Major support
- $149: Critical downside level
If buyers reclaim $169 with strong volume, another recovery leg could follow.
But rejection below resistance could send NVDA back toward $160 or even $155. same like a $SOXL
The real question: Is this the beginning of a recovery, or just a temporary bounce before another sell-off? 📊
#NVIDIA #HuangExitNvidiaStrategyInFocus #trending #Binance
