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

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GOOGL – Sitting on the Edge! What’s Next After This Break? Alphabet Inc.BATS:GOOGLBullBearInsights📊 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.