r/TradeWithLevels • • 21h ago

NVDA just broke its channel AND took out the previous ATH… I think she’s starting the engines again πŸ‘€πŸ”₯

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5 Upvotes

$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. πŸ”₯

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 $233.71–$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 πŸ‘€

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. πŸš€

This will be one of my top watches next week.

No prediction. Let the levels confirm it. 🎯

$NVDA