NVDA Structure Dissection & Near-Term OutlookNVIDIA CorporationBATS:NVDAMartinChouTradeStructure 4/2 rally came on declining volume → not a true expansion move, more of a drift higher than aggressive participation. Daily POC sits near the top of the candle, well above the 175–176 demand zone. Acceptance above prior supply implies sellers have likely stepped away from 175–176, shifting short-term control to buyers. Between 176–180, there is little meaningful resistance. If macro remains stable, this zone should remain buyer-controlled. Key Levels Demand 175–176 Prior demand zone with strong reaction Now supported by acceptance above First reference if price retraces Gamma / Cost Basis 180 Near-term call wall Cost basis from 2/25 high Likely to create sticky price behavior Supply 182–183 Major supply overhead Close proximity to 180 → creates a tight reaction zone Positioning Insight 180 (call wall) + 182–183 (supply) are clustered tightly. This creates a compressed reaction zone (180–183) where: Sellers may step in early (around 180), or Wait for higher prices into 182–183 supply Because of this overlap, reaction can occur anywhere within the range—not necessarily at a single clean level. Trade Setup Primary focus: Rejection from 180–183 Look for signs of rejection inside the zone (upper wicks, failed acceptance, volume shift, delta weakness) Ideal scenario: Push into 180–183 → stall → rotate back toward 176 Breakout scenario: Possible, but lower probability given current context Requires strong volume + clear acceptance above 183 Summary Price has accepted above prior supply, giving buyers short-term control into 180. However, 180–183 is a dense reaction zone (call wall + supply). Focus remains on rejection setups, as they offer better structure and risk compared to chasing a breakout.