NVDA Just Broke Structure – Bounce or Breakdown Incoming?NVIDIA CorporationBATS:NVDABullBearInsights📊 NVDA GEX Daily (Options Sentiment Overview) NVIDIA (NVDA) closed at $135.13, down nearly 3% on Friday, and has now pulled back from the gamma resistance cluster between 140–145. GEX sentiment is cooling, and the chart shows we just lost the HVL (High Volume Level) around 137.5, putting bulls in a tricky spot. GEX Levels to Know: * 🟢 Positive gamma stack at 140 → 145 → 150, with 143.9 as the next key magnet IF price recovers. * 🟥 Heavy dealer put interest below 134 → 130 → 125; GEX sharply negative down there. * 🧊 IVR 10.2 = super cheap options → ideal setup for directional trades using debit spreads. 💡 Options Strategy: * Bullish: If NVDA reclaims 137.5, play for bounce back to 140–143. Look at Jul 19 140c or 137.5/145c spread. * Bearish: If it fails to reclaim 135 and breaks 133.25, play toward 130–131. Look at Jul 19 132p/125p vertical. Dealers may flip short under 133, increasing the chance of acceleration if support breaks. 🕵️♂️ 1H Chart Breakdown (Swing/Intraday View) The 1-hour chart tells a clear story: NVDA broke short-term structure with CHoCH and BOS under 135, and is now channeling downward with a falling wedge-type pattern. The SMC supply at 143–145 held strong. Key Notes: * ⚠️ Breakdown from rising structure, now forming new bearish channel. * 🟩 Short-term CHoCH support near 133.25 is key — if lost, opens 130 fast. * 🟣 Momentum + RSI screaming overbought → likely a lower high if it bounces to 138 area. 📈 Swing Setup: * Short bias while under 137.5. * Entry: rejection near 136–137 * Target: 133.2, then 130.4 * Bull case only resumes if we reclaim 138 clean → invalidates the breakdown. 📊 Intraday Playbook: * Short bounce into 136.25–137.5 (previous BOS zone). * Long scalp bounce off 133.25, but only for short-term risk-controlled play. Bias = Bearish unless 137.5 is reclaimed. Don’t fight the momentum. 🧠 Final Thoughts NVDA has shifted from leader to potential drag — at least near term. The structure is broken, and GEX is aligning with downside momentum. IV is cheap, making this a great week for defined-risk option plays, whether you’re looking to fade pops or scalp breakdowns. ⚠️ Disclaimer: This content is for educational purposes only and is not financial advice. Always do your own research and manage risk before trading.