NVDA ShortNVIDIA CorporationBATS:NVDAProSignalaiThe broader market structure on NVDA remains range-bound but with a slight bearish tilt after the recent Break of Structure (BOS) at 180.27, which confirmed sellers pushing price lower from the recent swing high. This BOS indicates short-term momentum favoring the downside, with price unable to reclaim the highs. Looking at supply and demand, the most recent supply zone near 178–179 caused a sharp reaction and rejection, showing that sellers stepped in with strength. The nearest demand sits at 175–174.5, where buyers previously initiated a strong impulse that led to the most recent rally, making it a valid level to watch for a bounce. Deeper demand exists near 172, which aligns with a 50% retracement level and previously acted as the base of a major move higher. Price action within the marked region shows that NVDA is currently pulling back from supply, with sellers pushing price lower and momentum slowing on the way down. The most likely next step is a retest of the 175 demand zone. If price reacts bullishly here with strong candles, we could see a bounce back toward 177–178. However, if demand fails to hold and we break below 174.50, continuation toward 172 becomes likely as price seeks deeper liquidity. The trade bias is currently bearish until we see a strong bullish reaction from demand. Invalidation for shorts would be a clean reclaim and close above 178.50, which would shift structure back toward the upside and likely target 180 again. Momentum currently favors sellers, given the BOS and recent rejection from supply, and candles show lower wicks are minimal—indicating little absorption from buyers yet.