$NVDA / #Nvidia | 1H Trade Setup Position: 🔴 Short Trade Details: Entry: $127.89

$NVDA / #Nvidia | 1H Trade Setup

Position: 🔴 Short

Trade Details:
Entry: $127.89
Stop Loss: $128.48
Take Profit: $149.68

● Current Analysis:
Bitcoin has entered a potential short trade zone. The price is currently at $118.64 of weakening bullish momentum. Key indicator, Bearish Divergence, is observed across multiple time frames (4h, 1h, 24m, 12m, 6m), suggesting that the recent upward move may be losing steam, with a potential reversal toward lower liquidity zones.

● Technical Indicators:
Momentum: Bearish Divergence with a 2.25% decrease over the last period supports the short setup, hinting at overbought conditions ripe for a downward correction.
Volume Profile: Not directly visible, but price action implies significant liquidity below current levels, increasing the probability of a downward move.