GOOGL Eyes $180 Breakout – Gamma Fuel or Fade?

Monday Setup Loaded 🚀

🧠 GEX-Based Options Sentiment:
GOOGL is sitting just below $180, which marks the 2nd CALL Wall and a high GEX congestion zone. This level is critical — the next major gamma unlock happens only if price sustains above this.
The Highest Positive Net GEX / Gamma Wall is stacked right at $175, and price already blasted through it Friday. This shows strength, but now we’re at the top of the gamma range — any failure here may result in quick mean reversion.
Below $172.50 is the top of the magnet zone, and below that, a flush could pull price to $169.94 or $168.21, especially if momentum fades and GEX unwinds. The final gamma floor sits at $162.00, where HVL and the PUT walls cluster.
IVR is currently 30, which is mid-range, making both debit spreads and directional trades viable. The CALL flow is strong at 19.8%, showing some bullish imbalance — but keep in mind this could turn quickly if $180 resists.

🔧 Options Trade Setup (for Monday–Wednesday):
Bullish Scenario:
If GOOGL clears $180 and sustains, this could ignite a gamma squeeze toward $182.50–$185, where GEX6 and GEX8 levels lie.
Consider a CALL debit spread, such as 180c/185c (Jul 3 or Jul 5 expiry).
Stop out if price closes back under $177.50.
Bearish Scenario:
If GOOGL gets rejected near $180 and breaks back below $175, especially during the opening hour, that opens room for a pullback to $172.50 or $170.
Consider 175p or 172.5p with Jul 3 expiry.
Exit if the stock reclaims $178+ with momentum.

📉 Intraday Technical Structure (1H Chart):

Price action on the 1H chart is showing a recent BOS, followed by a CHoCH just before the breakout. GOOGL exploded above the previous CHoCH and reclaimed trendline structure — that’s a strong bullish signal short term.
Volume on the breakout candle is significant, but the candle closed just under the $180 zone, hinting that supply is waiting up here.
If bulls can consolidate above $177.50 and absorb that supply, we likely see a fast push higher. But if Monday opens with weakness and sellers defend $180 again, GOOGL could quickly retrace into the upper demand zone around $172.50–$170.

📌 Key Levels to Watch:
$180.00 – Major gamma resistance / breakout line
$178.15 – Friday high
$175.00 – Gamma wall already broken (now support)
$172.50 – Top of GEX magnet zone
$169.94 – Demand zone + former BOS area
$168.21 – Last intraday structural support
$162.00 – HVL + strong PUT wall gamma support

✅ Monday Game Plan:
Let Monday open decide the move. If GOOGL immediately clears and holds above $180 with volume, that’s your breakout confirmation — go with the bulls.
If price struggles at $180 and slips under $175 again, look for weakness to compound and bring in a short setup targeting the mid-$170s.
Either way, this is a high-conviction inflection point — don’t chase early, wait for confirmation and let the gamma zones guide your risk.

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