CELH Building a Base Before Next Move? CELH Building a Base Before Next Move? Key Gamma & SMC Zones in Play
1. Market Structure & Price Action:
CELH has printed two Break of Structure (BOS) signals after reclaiming demand near $32.50. After the CHoCH on March 28, price flipped bullish with a strong impulse, then consolidated near the $36–$37 zone, forming a new BOS.
Price is currently trading inside a newly defined bearish FVG (Fair Value Gap) and liquidity sweep zone from $35.80–$36.50. Support is building at the $35 level, and a higher low has been maintained after retesting the previous BOS origin.
2. Smart Money Concepts (SMC):
* CHoCH: Flipped bullish on March 28 after prolonged compression.
* BOS x2: Signals were clean near the $33 and $36 pivots — continuation possible if $36.50 breaks.
* Liquidity Zones:
* Demand block near $34.50–$33.50
* Supply/FVG region: $36–$37.50
* Trendline Support: Holding higher lows on the short-term channel.
3. Indicators (1H Chart):
* MACD: Bearish crossover but flattening — potential for reversal.
* Stoch RSI: Oversold and beginning to curve up, signaling a possible bullish push.
* 9/21 EMA: Slightly squeezed, with price hovering just above both — waiting for confirmation breakout.
4. Options GEX Analysis:
* Gamma Walls:
* $36: High open interest wall (GEX resistance)
* $40: Strongest positive GEX zone — price magnet if bulls break $36.50
* Put Support Walls:
* $35 & $34.50: Layered support from -9% to -25.7% Put GEX levels
* HVL at $36 (04/04 expiry): Key battle zone
Sentiment & Flow:
* IVR: 27.1
* IVx Avg: 68.5
* CALLs Flow: 48.4% (highly bullish skew)
* GEX Sentiment: 🔴🟢🟢 (Neutral–Bullish)
* Time to Expiry: 4h 16m (likely driving gamma pinning around $36)
5. Trade Scenarios:
🔹 Bullish Scenario:
* Break and hold above $36.50 confirms momentum toward $38–$40
* Entry: $36.20+
* Stop Loss: $35.20
* Target 1: $38
* Target 2: $40 (gamma wall)
🔻 Bearish Scenario:
* Break below $35 support triggers downside to retest demand at $34.50
* Entry: $34.90
* Stop Loss: $36.10
* Target: $33.50–$33
Final Thoughts:
CELH is coiling within a tight zone between strong supply and demand. If bulls can hold $35 and break the $36.50 gamma wall, the price has room to magnet toward $38–$40. A break below $34.50 opens the downside path back to $33. Watch volume around $36 and flows as expiry nears.
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
