$NEBIUS(NBIS)$  is at a critical technical moment right now. On one side, there are reports that Michael Burry has taken a bearish position, but the chart seems to be telling a different short-term story. After breaking out from a major support zone, it's now successfully retesting that breakout level, which is often a key step before the next move higher. Without knowing the exact structure or timing of the bearish trade, betting against this setup at this point looks aggressive. If the current support holds, the bullish trend remains intact, and Wave 5 could still target the $410 area. The next few sessions should reveal whether this breakout has real staying power.