NVDA Rejection From Supply! July 30NVDA Rejection From Supply! Will Gamma Walls Trap Bulls Below 178? 🔥
🧠 GEX-Based Options Outlook (1H GEX Chart)
NVDA currently trades around $176, just below the key Gamma Wall at $178, which aligns with the Highest Positive NETGEX zone and a Call Wall cluster between $178–$180. This setup suggests that any move above $178 will face strong gamma resistance, and market makers will likely hedge by shorting, making it harder for price to rally.
* GEX Zones Overview:
* Strongest Call Walls: $180, $182.5, $185
* Gamma Wall: $178 (Major resistance)
* PUT Walls: $170, $167.5, $165 (Defensive zones)
* IVR is very low at 11.5, and IVx is near average at 40.8 — implying premiums are cheap, and buyers of options may benefit if volatility spikes.
📉 Bias: Neutral-to-Bearish short-term unless NVDA cleanly reclaims $178 with volume.
💡 Options Suggestions:
* Put Debit Spread: Buy 175 Put / Sell 170 Put (limited risk, targeting a move to GEX7 zone)
* Call Credit Spread: Sell 178 Call / Buy 182.5 Call (fade the resistance zone with defined risk)
* Directional Put: Buy 175 Put for potential flush to 172 or lower if GEX support fails
📊 1-Hour Intraday Technical Analysis
Market Structure & Smart Money Concepts:
* A clear Change of Character (CHoCH) occurred after price failed to hold the ascending trendline from July 24–29.
* Break of Structure (BOS) at $176.75 confirmed the shift from bullish to corrective.
* Price is now under the order block rejection zone (highlighted pink) and has respected a bearish supply reaction.
Support/Resistance:
* 🔻 Resistance: $176.75 (previous BOS), $178 (Gamma Wall)
* 🟢 Support: $172.94 (FVG zone) and strong PUT wall at $170
* Critical liquidity zone sits between $165–$168 — this is a potential magnet if downside accelerates.
EMA 9/21 Status:
* Bearish crossover already triggered.
* Price now trades below both EMAs, reinforcing bearish short-term control.
Volume Analysis:
* Last few red candles show increasing sell volume — institutional exit or short entry likely occurred.
🔀 Scenarios to Watch
Bullish Intraday Setup:
* If NVDA reclaims $176.75 with strong momentum and breaks above $178 (Gamma Wall), potential to squeeze to $180 and $182.5.
* Entry: $177.20+ reclaim
* Stop: $175.90
* Target: $179.65 → $182.50
* ⚠️ Needs strong volume and VIX relief to work
Bearish Intraday Setup (High-Probability):
* Price stays below $176 → fade any retest of $176.75
* Entry: $175.90 or below
* Stop: $177.30
* Target 1: $172.94
* Target 2: $170
* Extended: $167.5 if GEX support collapses
📌 Final Thoughts
NVDA just triggered a bearish shift in structure after a strong run. With IV still low and GEX pressure mounting at the $178 level, the setup leans more toward bearish-to-sideways chop unless bulls reclaim key resistance. Ideal strategy is to fade into resistance and scale out near the lower GEX walls.
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
