NVDA June 3: Bulls Need to Reclaim $225 or Risk Deeper Pullback

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NVDA June 3: Bulls Need to Reclaim $225 or Risk Deeper PullbackNVIDIA CorporationNASDAQ:NVDABullBearInsightsNVDA enters June 3 under pressure after sellers controlled most of the previous session. The stock continues to trend lower from the recent $235 peak and is now testing an important support area near $220-$221. The chart shows a clear series of lower highs and lower lows since the rejection from resistance. Buyers attempted several intraday bounces, but none were strong enough to reclaim key resistance levels. While NVDA has not completely broken down, momentum currently favors the bears until proven otherwise. The good news for bulls is that price is approaching a major support cluster where buyers previously stepped in. The next session will likely determine whether NVDA stabilizes or continues lower. Key Levels to Watch Support $220 $215 (HVL) $212 $210 Resistance $223 $225 $230 $235 Bullish Scenario If buyers defend the $220 area and reclaim $223-$225, NVDA could begin a relief rally toward the major call wall near $230. A breakout above $230 would likely shift momentum back in favor of bulls and open the door for a retest of $235. Bullish Targets $225 $230 $235 Bearish Scenario Failure to hold $220 would likely trigger another wave of selling. The next major downside magnet sits near the HVL around $215. If sellers gain control below $215, the $212-$210 support zone becomes the next target. Bearish Targets $215 $212 $210 Options & GEX Positioning The options positioning has become less supportive than earlier in the week. Major resistance sits near the $225 strike. Additional dealer resistance appears around $230 and $235. The HVL support zone is located near $215. Current price is trading below the primary call wall. Call participation remains elevated, but dealers are unlikely to provide strong upside support until price reclaims $225. From a positioning standpoint, the market appears trapped between the $215 support magnet and the $225 resistance wall. Whichever side breaks first will likely determine the next directional move. Outlook for June 3 NVDA remains in a short-term downtrend, but it is approaching a key support zone where buyers may attempt a defense. The most important level for bulls is $225. Reclaiming that level could trigger a recovery toward $230-$235. Until then, bears maintain the advantage while price remains below resistance. For June 3, watch the battle between $220 support and $225 resistance.