GOOGL – Sitting on the Edge! What’s Next After This Break?

📊 GEX Analysis – Options Sentiment Insight:
* Call Resistance Wall: Strongest resistance at 180–182.5 area (High GEX%, Gamma Wall, 2nd & 3rd CALL Wall). A breakout above this may trigger a gamma squeeze.
* Support Zone: HVL @ 174.39 — aligned with PUT support and GEX10 (-6.92%) at 167.5, forming a key downside guardrail.
* Gamma Exposure (GEX): Green double-dot 🟢🟢 = supportive for bullish bias but nearing exhaustion.
* IVR/IVx: IVR 40, IVx avg 37.2 — Neutral to slightly bullish. Options aren't overly expensive, risk-reward still good for directional plays.
* Call Participation: 16.4% CALLS = Moderate bullish activity but not extreme greed.
🔥 Options Strategy Idea:
* Bullish case: If price holds above 174–175, consider 7/12 or 7/19 180C debit spread (e.g., Buy 175C / Sell 180C).
* Bearish case: Break below 173.5 and you can play PUT debit spread down to 170 or 167.5.

📉 1-Hour Chart Analysis (Intraday/Swing):

* Structure: Bearish CHoCH confirmed. Price has pulled back after rejecting from red OB zone (~179.5–180).
* Current Action: Price hovering below trendline and sitting above demand zone (173.5–174.4). Break and close below this could lead to continuation down toward 170.5 / 167.5.
* Bias:
* Bearish under 177.06.
* Neutral chop zone between 174–176.6.
* Bullish recovery only above 177.5–179.5 reclaim.

🎯 Scenarios & Trade Setups:
* Scalp BUY Setup:
* Entry: Hold above 175
* Target: 177 / 179.5
* Stop: Below 173.5
* Scalp SELL Setup:
* Entry: Break and retest below 173.5
* Target: 171 → 167.5
* Stop: Back above 175

📌 Thoughts & Suggestions:
* GOOGL’s options positioning suggests a potential bounce, but the bearish CHoCH and rejection at resistance urges caution.
* If bulls reclaim 177.5, we may see a push to test the heavy CALL walls at 180–182.5.
* Trade defensively inside chop zone, don’t force full directional plays unless you see clean BOS or demand failure.

Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.