Technical analysis by BullBearInsights about Symbol METAX on 8/5/2025
BullBearInsights
META: Eyeing a Breakout — GEX Supports Upside Momentum 🚀 Technical Overview META has been showing consistent bullish recovery off the $691–$707 demand zone, climbing back into its rising channel. Price is now approaching a critical resistance cluster between $784–$790, where prior rejection and current GEX resistance converge. GEX Insights Options GEX shows the highest positive NETGEX at $790 — also aligning with the 2nd CALL Wall (91.31%). This means option dealers are heavily short calls at this level, creating a potential gamma squeeze scenario if price breaks and holds above it. Additional CALL interest extends toward $800–$820, suggesting upside expansion if momentum follows through. On the downside, GEX Put Support sits near $698–$707, reinforcing the major swing low zone as strong support. 1H Price Action Structure * Strong bounce from channel midline support. * Higher lows and higher highs forming, signaling bullish continuation. * Resistance test ahead at $784–$790; breakout here may trigger stop runs and call delta hedging. 15M Short-Term View * META is coiling under resistance with minor intraday pullbacks. * Watching for breakout above $784 for aggressive scalps toward $790+. * Failure here could trigger a retest of $770–$775 short-term support. Options Trade Suggestion Based on GEX * Bullish Play: Consider call spreads targeting $790–$800 if price clears and holds above $784 with volume. * Risk Zone: If price fails to hold $770, momentum weakens and $750 becomes the next key support. * Bearish Hedge: Put spreads only if rejection at $784–$790 is confirmed with breakdown through $770. My Thoughts GEX positioning clearly favors upside into $790 as long as $770 support holds. If META triggers the gamma breakout, the move could accelerate toward $800 quickly. Keep in mind that $790 is both a magnet and a ceiling — watch the breakout volume closely. Directional Bias: Bullish leaning — favor long setups above $784. Disclaimer: This analysis is for educational purposes only. Always do your own research and manage risk before trading.
