$AVAX — A Recovery Could Be Developing, But I'm Waiting for Buyers to Prove It.

NVIDIA xStock is trading around $205.20, and I'm paying close attention to its current price structure.

After a weekly correction, NVDAX is approaching a level where the next move could become interesting. However, I don't want to jump into a trade without confirmation.

Here's how I'm reading the chart:

🔹 Support Zone: $202–$203

This is the area I'm watching for buyer activity. If bulls successfully defend this region, the recovery scenario remains possible.

🔹 Resistance Zone: $205.50–$206

This is the level that could determine the next direction. A strong 1H candle close above $206, backed by increasing volume, could signal improving bullish momentum.

🎯 Potential Upside Targets:

- TP1: $208

- TP2: $210

- TP3: $214

📍 My Trading Plan:

Preferred Entry: $203.50–$204.50 after bullish confirmation.

Breakout Entry: Above $206 following a convincing 1H close.

Invalidation: Below $201.

I'm not ignoring the negative weekly performance. The broader structure still needs improvement, and a temporary bounce doesn't automatically mean a trend reversal.

For now, patience is my strategy. I want to see buyers take control before considering a stronger bullish position.

Gate community, what's your take? Can NVDAX reclaim $206 and move toward $210, or are sellers preparing another rejection?

#NVDAX #NVIDIA #CryptoTrading #MarketAnalysis