Semis at a Crossroads 🔥 $MU Defends $900, $NBIS Breaks Support, $NVDA Tests $210
Good morning! 👋
Here’s the latest read on three key semiconductor names:
🔥 $Micron Technology(MU)$ Bulls Have One Level to Defend
$MU bulls, you need to hold $900. If that level breaks, things could get ugly fast.
The last major volume-profile support is still holding. Best case, I’m looking for a rebound toward the $1,100 institutional sell zone.
⚠️ But lose $900, and we could see a 30%–40% redistribution toward the institutional buy zone.
I’m staying out of semis here. The upside simply isn't worth the risk. I’d rather wait and see whether $MU eventually reaches my buy zone over the coming months.
💥 $NEBIUS(NBIS)$ Support Gives Way
The key support block has broken, opening the door for a move toward the $190 volume gap this week.
🎯 $NVIDIA(NVDA)$ Hits Smart Money Take-Profit Zone
$NVDA hit the Smart Money take-profit zone almost perfectly.
There’s now a major volume node and supply zone around $210 on the daily volume profile, and I’m watching for a short-term bottom to form here.
If $210 fails, the next redistribution target is around $190.
For now, I still have no trade open.
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