$NVDA / #NVIDIA | 1H Trade Setup Update 🔴 Short Position: - Entry: 119.83 (0.65 Fibonacci Level)

$NVDA / #NVIDIA | 1H Trade Setup Update

🔴 Short Position:
- Entry: 119.83 (0.65 Fibonacci Level)
- Stop Loss: 121.07
- Take Profit: 106.15

● Current Status: NVIDIA (NVDA) has broken below the 200-period moving average and is currently trying to find support at a high-volume node in the middle of the range.

● Technical Indicators: Falling Momentum: Momentum is declining, signaling caution. Rising Money Flow and VWAP: Both are increasing, indicating potential support levels. Stochastic RSI: Bottoming, suggesting the potential for upward movement.

● Outlook: This long trade aims for a move towards 131.86. Monitor closely for support around the high-volume node. The rising money flow and VWAP, combined with the bottoming Stochastic RSI, suggest a possible reversal if support is confirmed.