GOOGL Looks Ready to Reclaim the Channel for July 10GOOGL Looks Ready to Reclaim the Channel – Watch These Key Zones! 📈
🧠 GEX-Based Options Sentiment Insight (20 DTE):
GOOGL shows a strong bullish options bias going into this week, with CALLs comprising 20.3% of flow and a positive Gamma Exposure (GEX) reading. Here's the breakdown:
* Gamma Wall (Resistance): $180–$182.50
* 2nd CALL Wall: $177.50 (69.5%) – key magnet
* Highest Positive NET GEX: $180 – breakout level for upside continuation
* Support Zone: $172.5 (Put Wall -31%)
* PUT Pressure Floor: $170–$167 range (3rd/4th PUT wall cluster)
🔧 Option Strategy Suggestion:
🎯 Bullish setup
* Consider 177.5c or 180c contracts (0DTE or 7/12 expiry) for quick moves if price holds above $175 and breaks $177.50.
* Scalp the range to $179–$180, trail stops near $174.80.
* Aggressive breakout players can aim for $182.50 if volume confirms.
🛑 Bearish hedge
* If price breaks $172.50 with strong volume, consider 170p or 167.5p targeting the lower PUT Wall zone.
* Keep stops tight above $174.96.
📊 1-Hour Chart – Price Action Breakdown
GOOGL recently flipped bullish with a BOS and a solid CHoCH confirmation. Price reclaimed a critical trendline and retested a fair value gap inside the green demand zone.
* Current Price: $176.45
* Key Demand Zone: $172.8–$174.9 (multiple FVG and liquidity sweep confluence)
* CHoCH + BOS combo: Indicates momentum shift
* Supply Zone (Resistance): $177.9–$179.7
* Trendline Breakout Retest Confirmed
🧭 If buyers defend above $174.9–$175, we could see a move toward $179.67 and possibly challenge the $181.96 high. A failure below $173.5 risks a full reversion to the prior range near $170.
🎯 Trading Plan Summary:
* Bullish Scenario:
* Entry: Above $177.50
* Target: $179.67 → $182
* Stop Loss: Below $174.96
* Bearish Scenario:
* Entry: Below $172.50
* Target: $170 → $167.5
* Stop Loss: Above $175.10
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk accordingly.
