NVDA Bulls Are Being Tested Right NowNVIDIA CorporationBATS:NVDAEllacutie NVDA pushed up to $222.20, but that move didn’t hold. Now we’re sitting around $216.96, just above the intraday low of $216.79. On the 1-hour chart, the structure has shifted into a bearish-to-neutral phase as buyers give back most of the rally. I’m watching two areas closely: $218.50–$220.00 → the first recovery zone. If bulls reclaim and hold it, I’d expect another attempt at $222.20. $216.79 → the line I don’t want to see break cleanly. Lose that level with strong selling, and the short-term setup gets considerably weaker. Between those levels, I’m not rushing anything. Sometimes the best trade is simply waiting for the chart to show its hand. The interesting part is that NVIDIA’s fundamentals haven’t suddenly changed. The company is still delivering massive numbers, with its latest reported quarter at $81.61B revenue and $58.32B net income. The broader AI infrastructure story remains strong too. But strong fundamentals don’t mean price has to go straight up. With elevated expectations, profit-taking and broader semiconductor weakness can still pressure the stock. That’s what I think we’re seeing right now. So my short-term map is simple: Above $220 → bulls start regaining control. $217–$220 → consolidation and patience. Below $216.79 → sellers have the advantage. I’m bullish on the bigger AI story, but I’m not going to chase a candle just because the narrative sounds good. And if I take the trade, execution matters too. That’s why rNVDA on Bitget Stocks is worth looking at. It gives me U.S. stock exposure through rToken with deep liquidity, competitive spreads, and better execution conditions for larger orders. A good setup gets your attention. Good liquidity helps you actually trade it.