GOOGL Looks Ready to Move — Breakout or Trap?

Let’s Talk Strategy 🔍
Alright, here’s what I’m seeing on GOOGL right now based on the charts and GEX data.

🧠 Big Picture (1D Chart)
GOOGL’s been grinding its way out of that falling channel since mid-April, and to be honest, it’s looking decent. It’s hovering right under that key 170.48 zone — a clear resistance from past rejections. The MACD is still positive but starting to flatten, and Stoch RSI looks like it's trying to cool off.
So for the weekly outlook, I’m watching that 170 level closely. If we pop above it with volume, we might get a clean trend continuation toward 177. If we stall or reject, could just be a lower high forming.

⏱️ Intraday Structure (1H Chart)
Zooming into the 1H, price action has been pretty choppy between 162 and 166. It looks like we're basing just under the GEX wall at 167.5–170.
Notice how we keep rejecting around 166? Yeah, that’s no coincidence. There’s a big ol' GEX resistance wall right there.

🧠 GEX Levels & Options Flow



Here’s what’s interesting:
* 🔹 Gamma Wall / Highest Net GEX sits right at 169–170. That’s our ceiling unless some major call flow or IV expansion comes in.
* 🔻 PUT support is solid at 157.5, backed by the HVL level.
* 📊 IVR is low (23.7) and IVX is slightly lower than avg → not expecting explosive moves yet unless we get a macro catalyst.

🛠️ My Thoughts & Trade Ideas
This is one of those “coiling spring” setups. If we push above 170 and hold — I’m interested in long calls, targeting 172.5 or even 177.5 by next week. But I’m not buying the top blindly. I need to see real strength above the gamma wall.

Bullish Idea:
If price clears 167.5 and GEX shifts upward, I’d grab the 170C 5/10 or 5/17, depending on momentum.

Bearish Scenario:
If we reject again at 166–167 and break under 162 with volume, I’d consider puts targeting 157.5, where the support and HVL sit.

✅ Final Take
I like the way GOOGL is shaping up. It’s showing strength but still under pressure from option market makers. I’ll be patient for a breakout — no need to front-run this one. Let the GEX and levels guide the setup.

Let me know how you’re playing this — scalp, swing, or staying out? 👇

This is just my perspective and not financial advice. Trade safe, manage your risk, and stick to your plan.