NVDA | 200 EMA + trendline + Retest -> Support | long side Trade

NVDA | 4H Chart | 200 EMA Long Setup 🎯

Here's a straightforward trend-following setup on NVIDIA (NVDA) using the 4-hour timeframe.

-Strategy:
1. 200 EMA (yellow line) acts as a dynamic support level, indicating a bullish trend.
2. Long Entry near the bounce off the 200 EMA, with price consolidating above key support.
3. Trend Line Support level
4. Stop Loss placed safely below recent lows to manage risk.
5. Two Target zones are marked for partial profit-taking:
- Target 1: The previous swing high.
- Target 2: A potential continuation towards higher highs, aligning with the broader uptrend.

- Why This Setup?
- Price respects the 200 EMA, Trendline and Support Retest level, signaling strong buying interest.
- The risk-to-reward ratio is favorable, with clearly defined entries and exits.
- NVDA remains in a structural uptrend, offering a solid opportunity for swing traders.

Trade with discipline, and always manage your risk! 🚀
Let me know your thoughts or suggestions in the comments. 👇