NVDA Scalping & Swing Strategy: Liquidity Zones and Next MoveNVDA continues to show dynamic price action, making it an exciting candidate for both scalping and swing trades. Let's break down its current price structure, key levels, and potential trade setups based on technical analysis.
Market Structure:
1. Current Range: NVDA is oscillating between $137 (major support) and $152.91 (key resistance).
2. EMA Analysis: The 9 EMA and 21 EMA on the hourly chart indicate a bearish crossover, showing selling pressure dominating in the short term.
3. Volume Trends: Declining volume suggests indecision. A volume spike near key levels will confirm the next move.
Liquidity Zones:
* Demand Zone (Support): $137–$137.50. Buyers previously stepped in here, and liquidity is concentrated at this level.
* Supply Zone (Resistance): $152–$153. This is a critical zone where sellers rejected higher prices multiple times.
Key Levels:
* Support: $137.06, $141.77.
* Resistance: $144.25, $152.91.
Price Action Insights:
1. NVDA has printed lower highs, signaling bearish intent. However, the current support near $137 is holding firm, showing that buyers are active.
2. Two rejection wicks at $152 suggest that this resistance is a strong hurdle for bulls.
3. Watch for breakout momentum above $144.25 or a breakdown below $137 for confirmation of the next direction.
Order Blocks:
* Bullish Order Block: Around $137. A consolidation area where institutional buying may occur again.
* Bearish Order Block: $152–$153 zone, where sellers aggressively defended the price.
Entry & Exit Suggestions:
For Scalping:
* Entry: Look for a pullback entry near $141.50 if price shows bullish rejection wicks and volume supports upside momentum.
* Target: $144.25 (partial profits), $152 (final target).
* Stop-Loss: Below $140 to minimize downside risk.
For Swing Trade:
* Bullish Scenario:
* Entry: Above $144.25 after a clear breakout with volume confirmation.
* Target: $152.91, followed by $157 for a longer-term play.
* Stop-Loss: Below $141 to protect against false breakouts.
* Bearish Scenario:
* Entry: On a break below $137 with strong bearish candles and volume.
* Target: $130 psychological support.
* Stop-Loss: Above $138.
Thoughts & Projections:
* Bullish Case: If NVDA holds above $141.77 and breaks $144.25, it could aim for $152. However, a lack of momentum above $152 might lead to sideways action.
* Bearish Case: A breakdown below $137 could trigger significant selling pressure, targeting $130 as the next support.
Playbook & Gameplan:
1. Pre-Market Prep:
* Mark $137 and $144.25 on your chart.
* Monitor volume and price behavior near these levels.
2. Scalping Checklist:
* Wait for clear rejection wicks or engulfing candles.
* Use the 9 EMA for short-term trend confirmation.
* Take quick profits; NVDA can be volatile.
3. Swing Checklist:
* Look for higher time frame candle closes above $144.25 or below $137.
* Hold positions longer only if volume confirms breakout strength.
Conclusion:
NVDA is positioned for explosive moves as it consolidates near key liquidity zones. Scalpers can focus on quick trades between $141 and $144, while swing traders should wait for confirmation beyond the $137–$152 range. Stay disciplined and stick to your plan.
Disclaimer:
This analysis is for educational purposes only and is not financial advice. Always do your own research and manage risk appropriately before making any trades.
