PINS Intraday Trading Playbook
Current Structure Snapshot
Spot: ~22.78
Trend: Bearish short-term, attempting basing
Context: Sharp selloff → liquidity vacuum → price now sitting near put-heavy / negative GEX zone
Gamma State: Mixed → locally stabilizing but not flipped bullish yet
Key Options & Liquidity Levels
Call Resistance: 26.5
Put Support: 24 (major), 23 (critical)
HVL (Gamma Flip): 25
0DTE Put Support: 24
0DTE Call Resistance: 26.5
Interpretation
Below 25 HVL = higher volatility + downside risk
Dealers likely short gamma below 25, meaning moves can extend
Strong put interest stacked 22–24 → magnet/support until it fails
Chart-Based Levels (Price Action)
Support Zones
22.6–22.8 → current bounce / demand attempt
22.0–22.2 → last line before accelerated downside
Resistance / Imbalance
23.8–24.0 → first reclaim level
24.8–25.0 (HVL zone) → major decision area
25.5–26.5 → call wall / heavy resistance
Volume + Momentum Read
Volume: Elevated on selloff → declining on bounce (typical dead-cat behavior)
VRVP (Delta): Acceptance forming below prior value = bearish until reclaimed
SMI: Rising from oversold but not confirmed trend shift yet
Primary Trade Scenarios
🟢 Bullish Scenario (Lower Probability, Higher Reward)
Only valid if price does the work
Requirements
Hold above 22.6
Volume expands on green candles
SMI crosses up & holds above signal
Reclaim 23.8 → 24.0
Targets
24.8–25.0 (HVL / gamma flip)
Stretch: 25.5 (only if volume confirms)
Failure
Loss of 22.6 = bullish idea invalid
🔴 Bearish Scenario (Higher Probability)
Base case until proven otherwise
Triggers
Failure at 23.8–24.0
Weak bounce with declining volume
SMI rolls back down below midline
Targets
22.0–22.2
Breakdown extension → 21.5–21.8 (if 22 fails)
Acceleration Risk
Below 22 = short-gamma zone → fast moves
Bias Summary
Intraday Bias: ⚠️ Bearish-to-Neutral
Market Structure: Repair phase, not trend reversal
Best Edge: Fade weak bounces into resistance unless HVL is reclaimed
Current Structure Snapshot
Spot: ~22.78
Trend: Bearish short-term, attempting basing
Context: Sharp selloff → liquidity vacuum → price now sitting near put-heavy / negative GEX zone
Gamma State: Mixed → locally stabilizing but not flipped bullish yet
Key Options & Liquidity Levels
Call Resistance: 26.5
Put Support: 24 (major), 23 (critical)
HVL (Gamma Flip): 25
0DTE Put Support: 24
0DTE Call Resistance: 26.5
Interpretation
Below 25 HVL = higher volatility + downside risk
Dealers likely short gamma below 25, meaning moves can extend
Strong put interest stacked 22–24 → magnet/support until it fails
Chart-Based Levels (Price Action)
Support Zones
22.6–22.8 → current bounce / demand attempt
22.0–22.2 → last line before accelerated downside
Resistance / Imbalance
23.8–24.0 → first reclaim level
24.8–25.0 (HVL zone) → major decision area
25.5–26.5 → call wall / heavy resistance
Volume + Momentum Read
Volume: Elevated on selloff → declining on bounce (typical dead-cat behavior)
VRVP (Delta): Acceptance forming below prior value = bearish until reclaimed
SMI: Rising from oversold but not confirmed trend shift yet
Primary Trade Scenarios
🟢 Bullish Scenario (Lower Probability, Higher Reward)
Only valid if price does the work
Requirements
Hold above 22.6
Volume expands on green candles
SMI crosses up & holds above signal
Reclaim 23.8 → 24.0
Targets
24.8–25.0 (HVL / gamma flip)
Stretch: 25.5 (only if volume confirms)
Failure
Loss of 22.6 = bullish idea invalid
🔴 Bearish Scenario (Higher Probability)
Base case until proven otherwise
Triggers
Failure at 23.8–24.0
Weak bounce with declining volume
SMI rolls back down below midline
Targets
22.0–22.2
Breakdown extension → 21.5–21.8 (if 22 fails)
Acceleration Risk
Below 22 = short-gamma zone → fast moves
Bias Summary
Intraday Bias: ⚠️ Bearish-to-Neutral
Market Structure: Repair phase, not trend reversal
Best Edge: Fade weak bounces into resistance unless HVL is reclaimed
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.