Will $222 Hold or Are We Heading for $215 Flush? July 30Amazon.com, Inc.BATS:AMZNBullBearInsightsAMZN Breakdown in Progress! 🔍 GEX Insights & Options Trading Thoughts (1H Perspective) Amazon (AMZN) is transitioning from a distribution phase into a potential gamma-driven selloff, and the current GEX setup confirms that bias. The GEX walls are sharply stacked on the downside, while call walls remain heavy above current price—creating strong overhead pressure. 🔸 Gamma Exposure Breakdown: * Highest Positive GEX (Call Resistance): * $236 → this is where market makers lean short, and we see strong rejection wicks from this zone. * 3rd Call Wall: $236 * 2nd Call Wall: $242.5 * GEX Flip Zone / Transition Area: $231–227.5 * Below this = gamma turns negative, increasing downside velocity * PUT Walls: * $225 = 3rd PUT Wall (-20.13%) * $220 = Major PUT Support (-26.16%) * $215 = 2nd PUT Wall (-22.2%) The positioning suggests a gamma gravity pull toward $225 → $222, with high risk of flush to $215 if $222 breaks. 🔸 Options Setup Suggestions: * Bias: Bearish * Ideal Option Play: * Aug 2 / Aug 9 $225P or $220P * Enter on failed retest of $231 * Exit partial at $225, full at $222 or $215 * Avoid chasing puts too late—look for retest rejection near $231–232 If you're conservative, watch for a break and close below $227.5 to confirm further drop before entering. 🧠1H Intraday Technical Analysis (TA) Market Structure: * AMZN broke below the ascending trendline, showing a clean CHoCH (Change of Character) after price rejected $236 twice—clear sign of distribution. * BOS → CHoCH sequence confirmed, showing the shift from bullish to bearish order flow. * Price is now trapped below the former support zone ($231.5), which has turned into supply. Supply & Demand Zones: * Supply Zone (Resistance): $234.5–236 * Micro Supply (Retest Area): $231.5–232.5 * Demand Zone (Support): $223–222 * Next Key Demand: $215 * If $222 fails, there’s minimal liquidity support until $215 Volume & Confirmation: * Volume profile shows declining participation on upside pushes, followed by heavy sell volume candles post-CHoCH. * This supports the idea of institutional distribution above $234. 🧠Trading Outlook 🔻 Bearish Intraday Play (Favored): * Entry 1: Retest rejection at $231.5–232 * Entry 2: Breakdown below $227.5 * Target 1: $225 * Target 2: $222.5 * Target 3: $215 (if panic flush triggers) * Stop Loss: Above $234 🔼 Bullish Reclaim (Less Likely): * Needs to reclaim $234.5 with strength * Would target $236, $240 * Not supported by GEX or volume—low probability 🧠Final Take: AMZN is now trapped beneath heavy call walls and has shifted structure with a confirmed CHoCH. GEX shows negative gamma territory below $227.5, creating a slippery slope toward $222. The option market is positioning for further downside while intraday structure aligns for a potential flush into lower demand zones. Unless bulls reclaim $234+ with volume, this setup remains bearish biased with favor to PUT side trading. 🛑 This breakdown is for educational purposes only and does not constitute financial advice. Trade at your own risk and always manage your positions carefully.