PLTR Bouncing Off Capitulation Zone โ Can Bulls Reclaim Control? ๐
๐น Technical Analysis (1-Hour Chart)
PLTR sold off sharply, finding a temporary bottom around $149โ150, which aligned with high volume support. The rebound has been strong, with price now pressing into the $159โ160 resistance shelf. This zone is critical because it coincides with a previous breakdown level.
* Trend: Still bearish overall, but the sharp bounce shows buyers defending the $150 zone.
* Momentum: Stoch RSI is turning up from oversold, while MACD shows early bullish momentum.
* Resistance Levels: $160 (current HVL and breakdown shelf), then $162.5 and $167.5.
* Support Levels: $155 (minor shelf), then $150 (major support). A loss of $150 opens the door toward $145.
If $160 is reclaimed and held, PLTR can attempt a short-term recovery back into the mid-$160s. Failure at this resistance risks another leg lower toward $150.
๐น GEX / Options Sentiment
Options positioning highlights the same pivot:
* Call Resistance: Heavy walls at $162.5 (45%) and $167.5 (26%), with another layer at $170 (41%). Dealers are short here, so breakouts above $162.5 could squeeze.
* Put Support: Strongest put wall around $155, with extreme negative GEX at $150 and $145. If $150 breaks, downside could accelerate.
* IV & Sentiment: IVR 25.9 with calls only 7.9% โ options sentiment still leans bearish/hedged.
Interpretation: GEX suggests a tug-of-war between $155โ160. Bulls must clear $160 to ignite call wall hedging up toward $167+. Bears will defend this zone aggressively, and a rejection here drags us back toward $150.
๐ฏ Trade Thoughts
* Bullish Setup: Break & hold above $160 โ entry long with targets $162.5 โ $167.5. Stop under $155.
* Bearish Setup: Rejection at $160 โ short targeting $155 โ $150. Stop above $162.5.
Conclusion:โจPLTR is at a decision point. $160 is the key battleground for bulls vs bears. Options data aligns with the chart โ reclaiming $160 could spark a gamma squeeze higher, while rejection keeps pressure back to $150 support.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research and manage risk accordingly.
๐น Technical Analysis (1-Hour Chart)
PLTR sold off sharply, finding a temporary bottom around $149โ150, which aligned with high volume support. The rebound has been strong, with price now pressing into the $159โ160 resistance shelf. This zone is critical because it coincides with a previous breakdown level.
* Trend: Still bearish overall, but the sharp bounce shows buyers defending the $150 zone.
* Momentum: Stoch RSI is turning up from oversold, while MACD shows early bullish momentum.
* Resistance Levels: $160 (current HVL and breakdown shelf), then $162.5 and $167.5.
* Support Levels: $155 (minor shelf), then $150 (major support). A loss of $150 opens the door toward $145.
If $160 is reclaimed and held, PLTR can attempt a short-term recovery back into the mid-$160s. Failure at this resistance risks another leg lower toward $150.
๐น GEX / Options Sentiment
Options positioning highlights the same pivot:
* Call Resistance: Heavy walls at $162.5 (45%) and $167.5 (26%), with another layer at $170 (41%). Dealers are short here, so breakouts above $162.5 could squeeze.
* Put Support: Strongest put wall around $155, with extreme negative GEX at $150 and $145. If $150 breaks, downside could accelerate.
* IV & Sentiment: IVR 25.9 with calls only 7.9% โ options sentiment still leans bearish/hedged.
Interpretation: GEX suggests a tug-of-war between $155โ160. Bulls must clear $160 to ignite call wall hedging up toward $167+. Bears will defend this zone aggressively, and a rejection here drags us back toward $150.
๐ฏ Trade Thoughts
* Bullish Setup: Break & hold above $160 โ entry long with targets $162.5 โ $167.5. Stop under $155.
* Bearish Setup: Rejection at $160 โ short targeting $155 โ $150. Stop above $162.5.
Conclusion:โจPLTR is at a decision point. $160 is the key battleground for bulls vs bears. Options data aligns with the chart โ reclaiming $160 could spark a gamma squeeze higher, while rejection keeps pressure back to $150 support.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research and manage risk accordingly.
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.