$BMNR sitting in a clean $17–$20 bracket right now — let me walk you through what the options structure is telling us.
The gamma exposure (GEX) is painting a clear picture: dealers are stacked heavy at $20, which creates a ceiling for the next few weeks. That's your resistance. Below, support holds firm at $17 this week, then shifts slightly to $17–$17.50 through mid-September.
Price is dead center between these two walls. That's not random — it's where the largest opposing forces meet. When you see GEX clustering like this, it means price gets magnetically pulled toward these levels until one side breaks.
So here's the setup: $20 is the target if we get a push through current resistance at $19. But if we lose $17, that support zone disappears and invalidates the range.
Watch for a break above $19 with volume — that's your confirmation. Until then, expect chop between $17–$20. Clean structure, clear levels, textbook range trade.
The gamma exposure (GEX) is painting a clear picture: dealers are stacked heavy at $20, which creates a ceiling for the next few weeks. That's your resistance. Below, support holds firm at $17 this week, then shifts slightly to $17–$17.50 through mid-September.
Price is dead center between these two walls. That's not random — it's where the largest opposing forces meet. When you see GEX clustering like this, it means price gets magnetically pulled toward these levels until one side breaks.
So here's the setup: $20 is the target if we get a push through current resistance at $19. But if we lose $17, that support zone disappears and invalidates the range.
Watch for a break above $19 with volume — that's your confirmation. Until then, expect chop between $17–$20. Clean structure, clear levels, textbook range trade.