NVDA Lost $209. Is $205 the Line?NVIDIA CorporationNASDAQ:NVDABullBearInsights WAIT. NVDA needs to recover $209 before I trust the bounce. 1 Hour The 1 hour chart has changed character. NVDA pushed into $214.49, but buyers could not hold the breakout and price began printing lower highs. Friday’s selloff also broke the rising support line near $208. That matters because the same line that previously supported price may now become resistance. The bounce from roughly $205 is encouraging, but at $206.80 it has not repaired the damage. I want to see NVDA recover $208.60 to $209 first. Above that, $210 and $212 become realistic again. As long as price remains below $209, I see this as a damaged trend trying to stabilize rather than a fresh bullish setup. 15 Minute The 15 minute chart shows a liquidity sweep below $205 followed by a quick recovery into the $206.96 demand area. Buyers did respond, so I would not chase puts directly into this support. However, the bounce is now running into several supply zones between $207.50 and $210. The chart may still label the broader structure bullish, but the immediate price action is not strong enough for an entry. Both the setup and filter remain on wait. The first test is $207.50. If NVDA cannot hold above that level, the bounce may simply create another lower high. GEX The options map makes $207.50 the key pivot. NVDA is currently below it, which may keep price heavy and attract repeated tests of $205. Above $207.50, the call levels are $210, $212.50 and $215. Those become the upside roadmap only after buyers reclaim the pivot. Below price, $205 is the first put level. A clean break could expose $202.50 and then the larger $200 level. The positioning also appears strongly defensive, with very little call participation shown on the chart. That increases my concern that a failed bounce could move quickly. My Setup For calls, I would wait for NVDA to reclaim $207.50 and then hold above $209. The first targets would be $210 and $212.50. For puts, the cleaner opportunity would be a rejection between $207.50 and $209, or a confirmed loss of $205. Below $205, I would watch $202.50 and $200. My read is that $205 buyers are still alive, but they have not taken back control. Would you trust the liquidity sweep, or wait until NVDA reclaims $209?