NVDA Daily: Don't Mistake This Bounce for the End of the SelloffJust like I explained in my previous NVDA analysis, I **don't believe the selloff is over.
The recent bounce has done exactly what I was watching for—it respected the bullish Order Block (OB) and reacted from it. But a reaction doesn't automatically signal a trend reversal.
To me, this looks more like price filling resting orders before deciding on its next move.
As long as the broader bearish structure remains intact, I'm treating this rally as a retracement rather than the start of a new uptrend.
My focus is on the bearish Order Block around $208, where I'm expecting sellers to step back into the market. If price rejects that area with confirmation, I'll be looking for a continuation lower, with the $180 OB remaining a key downside objective.
What I'm Watching
* Price has respected the bullish OB and swept sell-side liquidity.
* The current rally appears corrective within the larger bearish structure.
* The $208 bearish Order Block is the area I'm watching for potential rejection.
* A rejection there could open the door for another leg toward the $180 demand/OB.
How I'm Trading It. NFA!! Just From Personal Experience
Fast executions matter if you are looking for a clean setup and one thing, I've found useful is being able to act on these setups without switching between different platforms if not it can be confusing and tiring. At most, miss trade.
Since rNVDA tracks the real market 1:1, I can execute the same analysis directly from my existing crypto trading account instead of waiting to fund or log into a separate brokerage and miss again. When momentum is moving quickly, reducing that extra friction can make a difference.
Short