Technical Overview:
PLTR is showing signs of a distribution top after a strong rally. The most recent 1H structure shows a Change of Character (CHoCH) just under $149 with lower highs forming and weak bullish reaction.
* CHoCH confirmed under $148.50
* Price struggling inside supply zone: $148.50–$150
* Ascending trendline now broken — possible bearish drift starting
GEX + Options Flow Analysis:
* GEX Resistance Zones:
* $150.00 (83.74% / 3rd Call Wall)
* $152.5 and $155 stacked with heavy GEX Call Resistance
* PUT Walls:
* $144 (3.07%)
* $142 (3.63%)
* Gamma Pivot: $139 = HVL + GEX10 zone
* IVR at 40, with IVx Avg 62.1 → Options relatively quiet, but favoring downside protection
* Call Bias = 55%, but weak
SMC + Price Action:
* BOS followed by CHoCH just beneath $149.15
* Price rejecting inside the OB zone from $148.50–$149.50
* Break of bullish trendline confirms bearish momentum shift
* Downward channel forming under the broken trendline
Trade Scenarios:
📉 Bearish Setup (Favored):
* Entry: $148.20–$148.50 (into supply zone)
* Target 1: $144.50
* Target 2: $139 (HVL + GEX10 support)
* Stop: $150.20
📈 Bullish Breakout (Needs Strength):
* Must break and close above $150
* Entry: Break and retest of $150.50
* Target: $152.5 → $155
* Stop: $148.20
Final Thoughts:
PLTR looks tired near the top of its rally. With GEX resistance above and CHoCH confirmed, the odds favor a pullback unless bulls can reclaim $150 with strength. Watch $147–$144 for possible bounce or breakdown.
This is not financial advice. Please trade based on your own plan and always use proper risk management.
PLTR is showing signs of a distribution top after a strong rally. The most recent 1H structure shows a Change of Character (CHoCH) just under $149 with lower highs forming and weak bullish reaction.
* CHoCH confirmed under $148.50
* Price struggling inside supply zone: $148.50–$150
* Ascending trendline now broken — possible bearish drift starting
GEX + Options Flow Analysis:
* GEX Resistance Zones:
* $150.00 (83.74% / 3rd Call Wall)
* $152.5 and $155 stacked with heavy GEX Call Resistance
* PUT Walls:
* $144 (3.07%)
* $142 (3.63%)
* Gamma Pivot: $139 = HVL + GEX10 zone
* IVR at 40, with IVx Avg 62.1 → Options relatively quiet, but favoring downside protection
* Call Bias = 55%, but weak
SMC + Price Action:
* BOS followed by CHoCH just beneath $149.15
* Price rejecting inside the OB zone from $148.50–$149.50
* Break of bullish trendline confirms bearish momentum shift
* Downward channel forming under the broken trendline
Trade Scenarios:
📉 Bearish Setup (Favored):
* Entry: $148.20–$148.50 (into supply zone)
* Target 1: $144.50
* Target 2: $139 (HVL + GEX10 support)
* Stop: $150.20
📈 Bullish Breakout (Needs Strength):
* Must break and close above $150
* Entry: Break and retest of $150.50
* Target: $152.5 → $155
* Stop: $148.20
Final Thoughts:
PLTR looks tired near the top of its rally. With GEX resistance above and CHoCH confirmed, the odds favor a pullback unless bulls can reclaim $150 with strength. Watch $147–$144 for possible bounce or breakdown.
This is not financial advice. Please trade based on your own plan and always use proper risk management.
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.