$NVDA / #NVIDIA | 1H Trade Setup Update Position: 🟢 Long

$NVDA / #NVIDIA | 1H Trade Setup Update

Position: 🟢 Long

Trade Details:
• Entry: 108.93 (0.65 Fibonacci Level)
• Stop Loss: 107.77
• Take Profit: 119.77

● Current Analysis
NVIDIA (NVDA) is trading below the 200-period moving average and currently seeking support at a high-volume node situated mid-range.

● Technical Indicators
- Falling Momentum: Momentum continues to decline, suggesting caution with potential further downside.
- Rising Money Flow & VWAP: Both indicators are increasing, signaling potential support forming around current price levels.
- Stochastic RSI: Bottoming, indicating possible upside movement despite a generally bearish trend.

● Outlook
The long position focuses on a move toward 106.15. Close attention is required near the high-volume node, as increasing money flow and VWAP could indicate a reversal if support holds. While bearish momentum dominates, the bottoming Stochastic RSI points to a potential short-term bounce.