IONQ Near Exhaustion! $70 Zone Will Decide Everything . Oct. 13IonQ, Inc.BATS:IONQBullBearInsightsIONQ Pullback Near Exhaustion: Bears Pressing, Bulls Watching the Same Level They took a beating last week, closing down nearly 9% on Friday as growth and speculative tech names sold off hard under the weight of rising volatility. But here’s the interesting part — while the chart still looks bearish, the indicators are quietly showing early signs of stabilization. Let’s break down what’s happening on the 15-minute intraday chart and the 1-hour GEX setup to see whether IONQ is preparing for another leg down or a sharp rebound. 15-Minute Intraday Technical View IONQ spent most of Friday grinding lower under a clean descending channel, with each lower high confirming persistent selling pressure. The stock briefly flushed to $68.3 before bouncing back to the $72 area, which now sits as the key short-term pivot. MACD has turned from deep red to early light-blue bars — a sign that downward momentum is losing strength. At the same time, Stoch RSI has already curled up from oversold conditions and crossed bullishly, hovering around the 70–80 level. That shows buyers starting to probe back in, even if cautiously. The most important levels heading into Monday: * Resistance: $72.5–73 (trendline & prior intraday supply) * Support: $68–65 (demand base and short-term floor) If IONQ breaks and sustains above $73, it could trigger a short-covering move toward $76–78, which lines up with both the previous structure high and the descending upper channel. But if it loses $68 again, expect another wave of selling — next potential support lands near $65, then $60 if the market continues to unwind. For scalpers, the play is straightforward: Stay nimble around $72. Above that is momentum zone; below $68, it’s continuation down. 1-Hour GEX Analysis — Options Sentiment The GEX chart shows the broader volatility pressure that’s been building for weeks. Right now, the HVL (Highest Volatility Line) sits around $69–70, exactly where IONQ bounced late Friday — a classic gamma inflection point. Below this, we’ve got stacked Put Walls near $65 and $60, signaling strong downside hedging and dealer short exposure. Those levels will act as magnets if selling continues. On the upside, Call Walls sit between $75 and $80, capping potential rallies unless we see a sharp volatility contraction or an institutional bid returning to small-cap tech. IVR is at 48.7, IVX at 72, meaning volatility is still elevated but starting to stabilize. Dealers are positioned in negative gamma below 72, so any push under that line can accelerate quickly — same on the flip side, meaning a reclaim of 73 could fuel a fast squeeze. This tug-of-war is setting up an explosive short-term setup — but timing will depend on whether the market opens risk-on or risk-off Monday morning. My Thoughts and Trade Ideas IONQ has been in a controlled downtrend, but the signs of exhaustion are visible. The combination of flattened MACD, rising Stoch RSI, and GEX inflection around $70 suggests the downside may be near its limit — at least for now. If volatility cools off and the market stabilizes, IONQ could easily stage a rebound toward $75–78 before running into heavy resistance. If the VIX stays above 21 and tech remains weak, expect continued chop or a retest of $65. Intraday plan: * Long above $73 with tight stop under $70 — target $76–78. * Short only if price breaks $68 with momentum — target $65, then $60. Option setups: * Bullish scalp: 75C or 80C (if above 73 early). * Bearish hedge: 65P or 60P (if under 68). Momentum traders should wait for confirmation — this stock moves fast when it flips sentiment. Final Take IONQ is sitting at a make-or-break level where both buyers and sellers are evenly matched. The first move out of the $70–73 zone will likely dictate the week’s direction. Watch how volume reacts to that breakout — quiet moves will fade, but strong spikes could lead to a full retrace back toward $78. It’s a tight coil. Expect fireworks either way. Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade responsibly and stick to your risk plan.