AMZN Testing Critical Resistance! Will Bulls Take Control?

📊 Market Structure Overview:
* AMZN is currently recovering from a recent pullback and is forming a higher low, indicating potential bullish momentum.
* Price is attempting to break out of a descending trendline, showing signs of strength.
* Strong resistance is visible near $235, while $230 and $228 serve as key support levels.

🔍 Key Levels to Watch:
* Resistance Levels:
* $235 → Key level for bullish continuation.
* $240 - $242.50 → Major breakout target.

* Support Levels:
* $230 → Retest zone; holding above supports a bullish case.
* $228 → Strong demand zone for dip buyers.
* $222.50 → Last support before a larger breakdown.

📈 Indicators Analysis:
* MACD: Bearish crossover forming, suggesting a possible pullback before continuation.
* Stochastic RSI: Cooling off from overbought conditions, indicating potential consolidation before another push up.

📌 Price Action Insight:
* AMZN needs to hold above $230 for bulls to maintain control.
* A clean breakout above $235 with volume can push AMZN toward $240-$242.
* If price fails to hold $230, expect a retest of $228-$222.50.

📊 Options Flow & GEX Analysis for AMZN

🔍 Gamma Exposure (GEX) Zones:
* Bullish Gamma Wall at $235 → Indicates strong call resistance.
* Bearish Gamma Support at $222.50 → A critical level where put support increases.

📉 Option Flow Insights:
* CALL positioning: 13.3% of options flow is on the call side.
* IV Rank: 12.5 (relatively low volatility, favoring premium sellers).
* Put walls at $227.50 and $220 → Market makers could defend these levels.

🛠️ Trade Setups:
1️⃣ Bullish Play:
* Entry: Above $235 with volume.
* Target: $240-$242.
* Stop-loss: Below $230.

2️⃣ Bearish Play (Rejection at $235):
* Entry: Short below $233 rejection.
* Target: $228-$222.50.
* Stop-loss: Above $236.

Final Thoughts 💭
* AMZN is at a key inflection point and needs confirmation above $235 for bulls to dominate.
* If $230 fails, a deeper pullback is possible.
* Options data suggests a battle between call buyers at $235 and put support at $222.50.

🚨 This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly! 🚨