PLTR Looks Ready for a Rebound — Gamma & SMC Say Watch This Level 👀
GEX Insight: Why Calls Might Be the Move
Looking at the options sentiment chart, we’re sitting on top of the strongest PUT support wall at 130, which lines up with the highest negative NET GEX. This area often marks a pivot or bounce zone. IVR is elevated at 24.8, and while IVX is still higher, GEX is flipping cautiously bullish with GEX 🔴🟢🟢.
💡 If buyers defend this 130 GEX pivot, the flow could shift bullish fast. Smart traders might consider grabbing short-term CALLS around 130 targeting the gap fill toward 137 or even 140 if momentum builds. But if 130 breaks and stays below, PUTS open up down to 127–125 range.
Price Action & SMC Setup
On the 1H chart, structure confirms a bearish BOS after a CHoCH, but price is now stalling at the lower channel and OB box. That green reaction block is the first test of demand in days — if price reclaims above 132.50, expect liquidity to drive back toward 135–137.
Trendline resistance is steep, but any break and hold over 137 could confirm a new bullish CHoCH. That gives us two key zones to watch.
Intraday Trade Plan (Tuesday July 2)
Bullish Scenario
* Entry: Near 130.50–131.00 (call buyers step in on support reclaim)
* Trigger: Break and hold over 132.50
* Target 1: 135
* Target 2: 137–138
* Stop: Below 129.50 (invalidates support)
Bearish Scenario
* Entry: Rejection at 132.00–132.50 or break below 130
* Target 1: 127
* Target 2: 125 (gamma wall zone)
* Stop: Above 133.00 (invalidates the bearish push)
My Thoughts This is a bounce-or-break zone. If bulls can hold this GEX floor at 130 and reclaim structure on the 1H, we might see a quick short-covering rally. But failure here and PLTR will likely slide down to the next GEX support.
Disclaimer: This is not financial advice. Just a trader’s opinion based on GEX and price action. Always manage risk and trade smart.
GEX Insight: Why Calls Might Be the Move
Looking at the options sentiment chart, we’re sitting on top of the strongest PUT support wall at 130, which lines up with the highest negative NET GEX. This area often marks a pivot or bounce zone. IVR is elevated at 24.8, and while IVX is still higher, GEX is flipping cautiously bullish with GEX 🔴🟢🟢.
💡 If buyers defend this 130 GEX pivot, the flow could shift bullish fast. Smart traders might consider grabbing short-term CALLS around 130 targeting the gap fill toward 137 or even 140 if momentum builds. But if 130 breaks and stays below, PUTS open up down to 127–125 range.
Price Action & SMC Setup
On the 1H chart, structure confirms a bearish BOS after a CHoCH, but price is now stalling at the lower channel and OB box. That green reaction block is the first test of demand in days — if price reclaims above 132.50, expect liquidity to drive back toward 135–137.
Trendline resistance is steep, but any break and hold over 137 could confirm a new bullish CHoCH. That gives us two key zones to watch.
Intraday Trade Plan (Tuesday July 2)
Bullish Scenario
* Entry: Near 130.50–131.00 (call buyers step in on support reclaim)
* Trigger: Break and hold over 132.50
* Target 1: 135
* Target 2: 137–138
* Stop: Below 129.50 (invalidates support)
Bearish Scenario
* Entry: Rejection at 132.00–132.50 or break below 130
* Target 1: 127
* Target 2: 125 (gamma wall zone)
* Stop: Above 133.00 (invalidates the bearish push)
My Thoughts This is a bounce-or-break zone. If bulls can hold this GEX floor at 130 and reclaim structure on the 1H, we might see a quick short-covering rally. But failure here and PLTR will likely slide down to the next GEX support.
Disclaimer: This is not financial advice. Just a trader’s opinion based on GEX and price action. Always manage risk and trade smart.
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.