NVDA faces resistance, is the downtrend still in play?

Based on technical analysis, price has recently declined to the lower boundary of the channel, suggesting potential support, and here's my take on NVDA's current price action and technical outlook:

• The price of NVDA is currently facing resistance at the upsloping trendline, which has historically acted as a dynamic barrier. Despite the upward slope, the trendline is now rejecting price advances, reinforcing its role as resistance.
• Near to this upsloping trendline, the price has made a bearish chart pattern resembling a double top.
• Downtrend Intact: Despite the recent rebound, NVDA remains in a downtrend, forming consecutive lower highs.
• Resistance at 130: Price is currently resisted by the upsloping trendline. Even if NVDA moves higher toward 130, it is still facing strong resistance, keeping the downtrend structure intact.
• Support at 100-103: The key support zone remains at 100-103, where buyers previously stepped in. If this level is tested again, it will be crucial to see whether it holds.

i'm considering going long NVDL(GraniteShares 2x Long NVDA Daily ETF) for short-term trading with tiger CBA if the price approaches support, anticipating a bounce, CBA allows you trade immediately without upfront capital, just settle gains/losses later to timely capture market opportunities, and or to short NVDL if there's clear price rejection at resistance levels. What do you think?

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