📉 Market Context:
In the aftermath of the Trump tariff-driven market crash, PLTR is teetering at critical gamma + price support around $80.30. The question now: is this a trap door breakdown or a gamma bounce setup into OPEX week?
📊 Technical Analysis (1H Chart)
Structure & Price Action:
* PLTR’s short-term rally toward $91 was rejected at the GEX resistance zone.
* Sharp breakdown back to $80 confirms this is a contested liquidity zone.
* Current price sits at a red HVL zone, overlapping the PUT Support from options flow.
Key Levels:
* Support:
* 🔻 $80.30–80.00: Major liquidity shelf & highest PUT support
* 🔻 $77 / $75 = deeper gamma cliffs if $80 fails
* Resistance:
* 🔺 $82 = HVL reclaim needed to flip short-term trend
* 🔺 $88–$91 = Gamma Resistance & supply zone
* 🔺 $93–$97 = OTM CALL targets, low odds unless squeeze begins
Indicators:
* Volume spiking on sell candles, confirming the flush.
* No bullish divergence visible yet on lower timeframes.
* Still no structure signaling reversal — watching $80 reaction closely.
🧨 GEX + Options Sentiment
GEX Insight (Options GEX [PRO]):
* GEX Sentiment: 🔴🔴🔴 → deep in short gamma territory; dealers may hedge against bounces.
* $80 = Highest negative NET GEX and PUT wall — this level is critical.
* Below $80 → dealer gamma unwinding could accelerate → volatility spike.
* Above $82 → could set up a fast magnet move to $88 if momentum shifts.
Options Oscillator:
* IVR 68.1 / IVx avg 84.3 → still relatively high, room for volatility to contract.
* CALL$ 22.7% → moderate call buyers, but no clear signal of squeeze intent.
* Time decay visible with large bets expiring in next 2 sessions.
🧭 Trade Scenarios
🐻 Breakdown Play:
* Trigger: Candle close under $80.00
* Target: $77 → $75 (gamma void zone)
* Stop: Above $82.00
* Notes: High odds for 0DTE / 2DTE PUTs on a weak open
🐂 Bounce from Gamma Support:
* Trigger: $80 holds + reclaim $82 HVL with volume
* Target: $88–$91 for gamma mean-reversion play
* Stop: Below $79
* Ideal: Buy 0DTE/2DTE
85C or debit spread targeting quick rebound🎯 Summary:
PLTR is sitting on the edge of a gamma shelf. $80 is the line between bounce and bleed. GEX shows this is the max pain zone. Bulls need to defend this level aggressively, or we open up for a potential flush to $75 with heavy dealer hedging in play.
⚔️ Suggested Trade:
* 🔻 $80P 0DTE if market gaps below $80
* 🔺
85C 2DTE only after $82 reclaim with strong volume* 🎯 Scalpers can use $82/$88 as pivot zones
Disclaimer: This breakdown is for educational purposes. Please trade based on your risk management and setup rules.
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.