NVDA Trade Setup Eyeing the Bounce After the Pullback

NVIDIA (NVDA) is currently trading around $117.06, pulling back from its recent highs of $153.13. With volatility kicking in and macro pressure (including renewed tariff talk from the Trump camp), NVDA is setting up for what could be a powerful rebound opportunity.

Here’s how I’m looking at it:

📥 Buy Zones (Scaling In):

$104 – Technical support zone where buyers may start stepping in.

$95 – Key psychological and chart-based support.

$90–$80 – Deep correction zone for high-conviction entries.

🎯 Profit Targets:

TP1: $125 – Strong short-term resistance.

TP2: $145 – Reclaiming mid-term momentum.

TP3: $153+ – All-time high retest if sentiment recovers.

💡 Why It Matters:
NVIDIA’s fundamentals are on fire: strong revenue, record margins, and leadership in AI and data center growth. Add in $25B+ in cash and minimal debt, and you've got a long-term juggernaut. Yes, it's volatile. Yes, it's overvalued on paper. But growth like this doesn’t come cheap.

📊 Risk Management:
Always use stops—especially in this kind of market. I’m keeping an eye on $90 as a make-or-break level and adjusting sizing to weather volatility.

Disclaimer: This is not financial advice. All trading involves risk. Do your own research or speak to a licensed financial advisor before making any financial decisions.