NVDA Reclaims $200 Is This the Start of the Next Bullish Leg?

NVIDIA has finally reclaimed the psychological $200 level after several weeks of selling pressure.

The breakout is attracting attention, but the real question is whether buyers can defend this move or if it's just another short-term relief rally.

🌍 Why This Matters

AI remains one of the strongest long-term themes in the market, and NVDA continues to lead the sector.

After correcting from the $236 region, price has now bounced strongly from the $192–195 demand zone, suggesting buyers are stepping back in.

This is the first technical sign that momentum may be shifting.

📊 Technical Setup

My current bias remains bullish, but only if price can hold above the breakout.

🟢 Buy Zone

$202–204

As long as price stays above this area, bulls remain in control.

🎯 Target 1

$210–212

The first resistance where I expect some profit-taking.

🎯 Target 2

$218–220

If momentum continues, this becomes the next upside objective.

🛑 Invalidation

A decisive move below $198 would weaken the bullish structure and increase the probability of another pullback.

⚠️ Risk View

Markets rarely move in a straight line.

If volume fades or sellers reclaim the $200 level, this breakout could turn into a bull trap.

That's why I'm waiting for confirmation rather than chasing every green candle.

🎯 Final Thoughts

For me, this isn't about predicting the future.

It's about reacting to what the chart is telling us.

Holding above $202 keeps the bullish scenario alive.

Losing $198 changes the picture completely.

The next few sessions should reveal which side is really in control.