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NVDA Holding Above Accumulation Zone for Mar 10

NVDA Holding Above Accumulation Zone for Mar 10

TradingViewTradingView2026/03/10 14:48
By:TradingView
Watching Expansion + GEX Levels

After reviewing NVDA’s price action on the 15-minute timeframe, the market had a fairly clean session where an early liquidity sweep was followed by a steady recovery. What stands out now is that price is holding near the highs while compressing, which often happens when the market is deciding whether the next leg higher will begin.

Going into tomorrow, the key question is whether NVDA continues the expansion phase from the earlier accumulation, or if the market rotates back toward support before attempting another move higher.

15-Minute Price Structure
On the 15-minute chart, NVDA first pushed lower and briefly swept liquidity below the earlier range near the 175–177 region. That move forced out weaker positions before buyers stepped in and pushed the market higher through the afternoon.

Once the reversal started, price built a clean sequence of higher lows and higher highs, eventually pushing toward the 182–183 zone.

After reaching that level, momentum slowed and price began consolidating into the close.

Right now NVDA is essentially holding above the breakout area while compressing beneath resistance, which often suggests the market is building energy before the next move.

The key structural levels I’m watching are:

Resistance
183 area where the recent move stalled
Support
180–181 zone where price has been stabilizing
Major support
177 area where the earlier reversal began

As long as price stays above the 177 accumulation zone, the short-term structure remains constructive.

Market Behavior Through the 4-Phase Cycle
When looking at this move through a typical market behavior cycle, the price action fits well within the four phases markets tend to rotate through.

Capitulation - Accumulation - Expansion - Distribution
Earlier in the session, NVDA briefly pushed below the previous range, which likely triggered stops and forced weaker hands out of the market. That type of move often represents the capitulation phase.

After that sweep, the market stabilized near 175–177, where buyers stepped in and price stopped falling. That stabilization period is usually where accumulation occurs, as larger participants begin building positions.

The move from that zone toward 182 represents the expansion phase, where price trends away from the accumulation area.

Now what’s interesting is the after-hours behavior.

Instead of pulling back aggressively, NVDA is holding near the highs and compressing just under resistance. That type of consolidation often appears when the market is preparing for a continuation of the expansion phase rather than a full reversal.

In other words, the expansion move may not be finished yet — the market could simply be pausing before the next attempt higher.

Why GEX Matters During Expansion
NVDA Holding Above Accumulation Zone for Mar 10 image 0
This is where options positioning becomes important.

When markets transition from accumulation into expansion, dealer hedging activity can start influencing price movement, especially near key options levels.

Looking at the latest positioning data, several levels stand out.

The nearest pivot sits around 180, which aligns closely with where price is currently stabilizing. This level may act as a short-term magnet or support zone if the market pulls back slightly.

Above the current price, larger call positioning appears near 190 and 200, which could act as resistance zones if the market begins trending higher.

On the downside, stronger put positioning sits near 170, suggesting that deeper pullbacks could find support in that region.

Because NVDA is currently trading between strong put support below and larger call positioning above, price may continue moving based on technical structure until it approaches one of those larger options levels.

This type of positioning environment often leads to controlled price movement during consolidation followed by a stronger directional move once a key level breaks.

What I’m Watching for Mar 10
The most important level tomorrow is the 183 resistance area.

If price manages to break and hold above that zone, the next move could begin rotating toward 186–190, where the next supply zones appear.

On the downside, if NVDA loses the 180 level, price could rotate back toward 177, which was the earlier accumulation zone.

For now the structure still leans slightly bullish, but the market is clearly compressing and waiting for a breakout before committing to the next directional move.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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