📊 Market Breakdown
PLTR has been on a monster run, now trading at $186.96 and tapping into the Premium/Supply Zone ($187.82). Price is still respecting its ascending channel, but with RSI deep in overbought territory at 80.25 and today’s sharp candle, we could be looking at a potential pullback — unless buyers can force one last squeeze.
Trend: Strong uptrend since late 2024 with clean higher highs & higher lows.
Key Structure: Recent bounce from equilibrium (~$150) before a strong push into supply.
Volume: Heavy activity suggests institutions may be scaling out at these highs.
Indicators:
MACD: Bullish momentum still intact but showing signs of slowing.
RSI: 80.25 – extremely overbought, signaling risk of near-term profit-taking.
🛒 CALLS (Bullish Scenario)
Buy Zones:
🎯 Aggressive Entry: Pullback to $175–$178 support (mid-channel bounce)
✅ Confirmation Entry: Daily close above $188–$190 with strong volume
Take Profits:
1️⃣ $200 – Psychological resistance
2️⃣ $215 – Upper channel extension
3️⃣ $240 – Long-shot target if breakout runs hot
Stop-Loss: $172
Why This Works: A breakout above $190 could force shorts to cover, triggering a squeeze to $200+ in 2–3 weeks.
🛑 PUTS (Bearish Scenario)
Sell Zones:
🚨 Aggressive Entry: Rejection at $188–$190 supply zone
📉 Breakdown Entry: Daily close below $175
Take Profits:
1️⃣ $150 – Equilibrium zone
2️⃣ $125 – Prior breakout base
3️⃣ $105 – Major demand zone
Stop-Loss: $193
Why This Works: RSI at 80.25 suggests exhaustion; rejection here could drag price back toward $150 equilibrium in 1–2 weeks.
🔍 Technical Highlights
Channel Play: PLTR is riding an ascending channel; a break either way could trigger a big move.
Supply Zone Test: $188 is the key pivot — breakout = continuation, rejection = retracement.
Macro Watch: Keep an eye on NASDAQ & AI sector ETFs for confirmation moves.
⏳ Option Expiration Strategy:
1 Week: Short-term rejection trade from $188
2–3 Weeks: Breakout targeting $200–$215
PLTR has been on a monster run, now trading at $186.96 and tapping into the Premium/Supply Zone ($187.82). Price is still respecting its ascending channel, but with RSI deep in overbought territory at 80.25 and today’s sharp candle, we could be looking at a potential pullback — unless buyers can force one last squeeze.
Trend: Strong uptrend since late 2024 with clean higher highs & higher lows.
Key Structure: Recent bounce from equilibrium (~$150) before a strong push into supply.
Volume: Heavy activity suggests institutions may be scaling out at these highs.
Indicators:
MACD: Bullish momentum still intact but showing signs of slowing.
RSI: 80.25 – extremely overbought, signaling risk of near-term profit-taking.
🛒 CALLS (Bullish Scenario)
Buy Zones:
🎯 Aggressive Entry: Pullback to $175–$178 support (mid-channel bounce)
✅ Confirmation Entry: Daily close above $188–$190 with strong volume
Take Profits:
1️⃣ $200 – Psychological resistance
2️⃣ $215 – Upper channel extension
3️⃣ $240 – Long-shot target if breakout runs hot
Stop-Loss: $172
Why This Works: A breakout above $190 could force shorts to cover, triggering a squeeze to $200+ in 2–3 weeks.
🛑 PUTS (Bearish Scenario)
Sell Zones:
🚨 Aggressive Entry: Rejection at $188–$190 supply zone
📉 Breakdown Entry: Daily close below $175
Take Profits:
1️⃣ $150 – Equilibrium zone
2️⃣ $125 – Prior breakout base
3️⃣ $105 – Major demand zone
Stop-Loss: $193
Why This Works: RSI at 80.25 suggests exhaustion; rejection here could drag price back toward $150 equilibrium in 1–2 weeks.
🔍 Technical Highlights
Channel Play: PLTR is riding an ascending channel; a break either way could trigger a big move.
Supply Zone Test: $188 is the key pivot — breakout = continuation, rejection = retracement.
Macro Watch: Keep an eye on NASDAQ & AI sector ETFs for confirmation moves.
⏳ Option Expiration Strategy:
1 Week: Short-term rejection trade from $188
2–3 Weeks: Breakout targeting $200–$215
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.