[TECHNICAL ANALYSIS] NASDAQ:NVDA

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Technical Setup & Strategic Entry Point

Trade Strategy

• POSITION: LONG
• ENTRY: $160 (DCA,$5,33%)
• TARGET PRICE: $200 (DCS,$5,33%)
• STOP LOSS: $145
• R/R: 2.67

Technical Rationale

• Keltner Channel Alignment
  • The price is currently hovering near the lower bound of the Keltner Channel. Historically, this zone has served as a temporary exhaustion point for selling pressure, suggesting a potential bounce or consolidation.

• Confluence of Support ($160 Range): The most compelling entry zone lies around $160. This level represents a significant technical “confluence” where:
  • The 200-day Moving Average (MA) provides a long-term psychological and technical floor.
  • The medium-term ascending trendline (lower boundary of the parallel channel) intersects, reinforcing the structural support.

• Volume Profile (VPVR): The $155 – $165 zone shows a high volume of historical transactions, indicating a strong interest from buyers that could act as a safety net.

Thesis Invalidation

• Hypothesis Cancellation:
• If the price rallies and reaches $190 before hitting our $160 entry zone, the current hypothesis will be discarded.
• A move to $190 without the corrective dip would suggest a change in immediate market structure.