GOOGL at a Make-or-Break Zone! Will 165 Hold or Fold? Jun 24🔍 Market Structure:
GOOGL has been in a clear downtrend, printing multiple BOS (Break of Structure) on the 15-min and 1H charts. However, today we’ve seen a CHoCH (Change of Character) after price bounced from the key 162 zone. This signals a potential short-term reversal or at least a relief rally.
🧭 Key Zones (Price Action + SMC):
* Support (Demand Zone):
* 162.00 → Major liquidity zone & 3rd PUT Wall
* 160.00 → Highest Put Wall, strong support
* Resistance (Supply Zone):
* 165.20–166.00 → Minor supply & CHoCH test zone
* 167.34–167.65 → Major Supply & 2nd Call Wall
* 170.00–172.5 → Critical resistance stack w/ 3rd Call Wall
🧠 GEX + Options Sentiment:
* GEX Zones:
* Strongest Put Wall: 160 (–52.5%)
* Highest NET GEX (Support): 165
* Call Resistance Wall: 175 (52.91%)
* IVX avg: 34.4
* IVR: 31
* Calls Interest: 17.2% (moderate bullish positioning)
This tells us that 165 is acting as a magnet and bounce zone, while 175 is where market makers are likely to keep a lid on the rally.
📊 Indicators & Volume:
* Volume on the bounce was decent—indicating some real buyer interest.
* If price consolidates above 165 and holds into tomorrow, it could trigger a push toward 167.5 and 170.
* A breakdown back below 162 would invalidate this bounce and resume bearish flow toward 160.
🎯 Trade Scenarios:
🔼 Bullish Case (Relief Rally Setup):
* Trigger: Hold above 165 + reclaim 167.5
* Targets: 170 → 172.5 → 175
* Stop: <162 (invalidates the structure)
🔽 Bearish Case (Fade Setup):
* Trigger: Reject at 167.5 or 165 and break below 162
* Targets: 160 → 155
* Stop: >168 (if breakout traps)
🧩 Scalping Setup:
* Above 165.20: Quick scalp to 166.64 / 167.34
* Below 162.50: Breakdown scalp to 160.00
⚠️ Final Thoughts:
GOOGL is in the early stages of a potential reversal — but it’s still fighting under multiple resistance layers. Unless 167.5 breaks clean, this may still be a sell-the-rip environment. Watch how it behaves at the HVL (165) — it’s the pivot for both bulls and bears.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk properly before trading.
