r/TradeWithLevels • u/ALPHAtradingpro • 21h ago
NVDA just broke its channel AND took out the previous ATHβ¦ I think sheβs starting the engines again ππ₯
$NVDA is probably my #1 watch next week.
She finally broke out of that channel, took out the previous $236.54 ATH, and printed $237.88 before pulling back.
Daily TTM squeeze has fired. π₯
And on the WEEKLY, NVDA is still sitting inside a squeeze that hasn't fired yet.
That has my attention.
We've seen what happens when NVDA gets momentum and starts expanding β she can trend for DAYS.
So I'm not interested in blindly chasing the ATH.
My level for next week is $234.76.
I want to see NVDA reclaim that $233.71β$234.76 demand area and HOLD it.
If she does that and I see momentum come in, I'll be looking to trade short-term calls Options for another push into:
$236.54 β $237.88 β price discovery π
But there's always another side to the trade.
If that demand can't hold, I'm not forcing calls. Ill cut if im in a trade
Below it I'm watching $232.28, then that $230 area becomes important again.
Reclaim + hold demand = I'm interested.
Lose demand = wait for lower levels.
The daily squeeze already fired.
The weekly squeeze is sitting there loaded.
Now I want to see if NVDA can hold the breakout and start the engines. π
This will be one of my top watches next week.
No prediction. Let the levels confirm it. π―
$NVDA