$NVDA Under 200SMA, Bounce First, Risk Still Below

Michael Esther
03-24

$NVIDIA(NVDA)$ is holding structure below 200SMA at $178.60

Some weakness now 2 major demand zones to watch closely:

1. $165–$171

Primary demand zone from recent consolidation base

Multiple touches, strong buyers defended, key area for short-term bounce.

Probability: 75% (high chance of reaction / chop here)

2. $148–$152

Major demand zone before explosive breakout higher

Last accumulation zone before trend expansion toward all-time highs.

Probability: 50% (if broader market continues selling)

Why NVDA will eventually break all-time highs again:

  1. AI demand continues to accelerate globally across every industry.

  2. NVDA dominates chips, pricing power, and has no real competition.

  3. Strong earnings growth and margins will keep attracting institutions.

Your Mindset:

Patience wins here → buy fear at demand, not chase highs.

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