NVDA Squeezes to $187 or Pullback from Supply? Jul 31NVIDIA CorporationBATS:NVDABullBearInsightsNVDA Explodes into Gamma Cloud! Squeeze to $187 or Pullback from Supply? 🔍 GEX & Options Flow Insight (1st Image Analysis) NVDA just broke through major resistance and is trading at $183.35, sitting in the middle of stacked Call Walls and a strong positive GEX zone. Gamma positioning is highly bullish—but a stall near current levels is possible as dealers begin to hedge less aggressively. * Call Walls & Resistance: * ✅ $180.00 → Highest positive NET GEX zone * ✅ $182.5 → 2nd Call Wall (68.77%) — current area of battle * 🧱 $187.5–190.0 → GEX9 and GEX10 zones = possible squeeze targets * Put Support: * 🛡️ $175.18–175.51 → Strong PUT Support zone and demand on price chart * 🔻 $172.5 → HVL zone = invalidation for breakout thesis * Volatility Insight: * IVR 12.6, IVx Avg 41.7 → Neutral-to-low IV * Calls Bias: 15.4% → Slightly bullish, but not euphoric * GEX sentiment: 🟡🟢🟢 = Cautiously Bullish ✅ Option Trading Suggestion: Bias: Bullish with caution around 185 Strategy: Vertical debit call spread * Entry Idea: Buy 182.5C / Sell 187.5C for Aug 2 or Aug 9 * Stop: Close below 179.65 (trap candle base) * Target: 187.5 (GEX9 ceiling) Why this works: NVDA is entering a highly stacked gamma region. If bulls hold above 182.5, momentum may carry price toward the outer GEX bands at 187.5. However, IV is not stretched, so premium decay is a risk—spreads protect against it. 🧠 Technical Analysis (1H Chart) (2nd Image Analysis) Market Structure & SMC: * ✅ CHoCH → BOS → BOS confirmed since July 29 * 🚀 Strong bullish continuation from discounted OB area near 175 * NVDA is currently riding mid-upper range of an ascending channel Trendlines: * Perfect channel structure respected since July 25 * Currently touching upper channel resistance around 183.35–184.50 SMC Zones & Supply/Demand: * 🟩 Demand Zone: 175.18–177.32 → Last bullish OB * 🟥 Supply/Exhaustion Zone: 183.5–185 (purple box) → caution here 🔄 Price Action & Key Levels * Support: * 📌 179.65 → Key structure base (trap candle) * ✅ 177.32–175.18 → Demand + OB + GEX Put Support * ❗ Below 172.5 = structure breaks * Resistance: * 🚩 183.35–185.00 → Supply + top channel + GEX7 * 🧨 187.5–190.0 → GEX9/GEX10 extension zone = possible parabolic breakout 🧭 Scalping / Intraday Trade Setup 🟩 Bullish Setup (Preferred): * Entry: 182.50–183.00 breakout * Target 1: 185.00 * Target 2: 187.50 * Stop: 179.65 break & hold 🟥 Bearish Pullback Setup: * Entry: Rejection at 184.5 supply zone * Target 1: 180.00 * Target 2: 177.30 * Stop: New high above 185.5 🔁 Summary Thoughts * NVDA is showing classic breakout behavior with gamma fuel behind the move. * SMC and structure are fully bullish, supported by rising channel and BOS continuation. * Price is approaching a key exhaustion zone, so either it breaks through to 187.5 or pulls back to retest 179–177. * Intraday long trades are favored above 182.5. Swing traders should wait for a dip to demand or a clean breakout above 185. 🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.