PLTR Pressured at Key Support โ Can $155 Hold or Is a Break to $150 Next?
๐ GEX & Options Flow Insight (1st Image Analysis)
PLTR has been sliding after failing to hold its $160+ range and is now testing the $155โ156 gamma support. The GEX profile still shows moderate call dominance, but support is thin below this level, meaning a break could bring swift downside.
* Call Walls & Resistance:
* ๐ $160.14 โ 2nd Call Wall (59.02% GEX)
* ๐ $161.44 โ Gamma Wall / Highest positive NET GEX
* ๐ $162.50 โ 3rd Call Wall resistance
* Put Walls & Support Zones:
* ๐ก๏ธ $155.94 โ Current gamma pivot and support
* ๐จ $153.06โ$154.91 โ 2nd Put Wall & HVL zone โ break here risks slide to $150
* ๐ $146.00 โ 3rd Put Wall & major downside target
* Volatility Insight:
* IVR 36.1, IVx Avg 73 โ Elevated volatility
* Call flow 37.5% โ Still skewed bullish, but waning
* GEX sentiment: ๐ข๐ก๐ข = Cautiously bullish gamma positioning but losing ground
โ Option Trading Suggestion:
Bias: Bearish if $156 fails; bullish recovery possible only above $160โจStrategy: Bear put spread if $156 breaks
* Entry Idea: Buy 155P / Sell 150P (Aug 2 or Aug 9 expiry)
* Invalidation: Strong reclaim above $160
* Target: $153 โ $150
Why this works: PLTR is nearing a key gamma inflection. Below $156, dealers may need to hedge by selling, fueling a sharper drop. Bulls need to defend this pivot.
๐ง Technical Analysis (1H Chart) (2nd Image Analysis)
Market Structure & SMC:
* ๐ฅ CHoCH confirmed after rejection at $160+
* โ Broke out of ascending structure to the downside
* Sitting just above prior BOS zone at $155
Trendline Dynamics:
* Broken short-term uptrend now acting as resistance
* Downward-sloping structure points toward $153โ150 retest
SMC Zones:
* ๐ฉ Demand Zone: $155โ$153 โ Current defense area
* ๐ฅ Supply Zone (Purple Box): $160โ$162.5 โ Strong resistance cluster
๐ Price Action & Key Levels
* Support:
* โ $155.94 โ Gamma pivot / current defense
* โ $153.06โ$154.91 โ Last key support before major drop
* ๐จ $146.00 โ Next downside target
* Resistance:
* ๐ฉ $160.14 โ First upside target if bounce
* ๐ฉ $161.44โ$162.50 โ Gamma & call wall zone
๐งญ Scalping / Intraday Trade Setup
๐ฅ Bearish Setup (Preferred):
* Entry: Breakdown under $156
* Target 1: $153.50
* Target 2: $150
* Stop: Above $158
๐ฉ Bullish Reversal Setup:
* Entry: Reclaim of $160 with volume
* Target 1: $161.44
* Target 2: $162.50
* Stop: Below $158
๐ Summary Thoughts
* PLTR is at a critical gamma support level.
* A failure here brings a quick shot to $153โ150.
* Bulls must defend $156 and reclaim $160 to flip structure back bullish.
* Options positioning still leans bullish but is weakening, meaning downside acceleration risk is real.
๐จ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.
๐ GEX & Options Flow Insight (1st Image Analysis)
PLTR has been sliding after failing to hold its $160+ range and is now testing the $155โ156 gamma support. The GEX profile still shows moderate call dominance, but support is thin below this level, meaning a break could bring swift downside.
* Call Walls & Resistance:
* ๐ $160.14 โ 2nd Call Wall (59.02% GEX)
* ๐ $161.44 โ Gamma Wall / Highest positive NET GEX
* ๐ $162.50 โ 3rd Call Wall resistance
* Put Walls & Support Zones:
* ๐ก๏ธ $155.94 โ Current gamma pivot and support
* ๐จ $153.06โ$154.91 โ 2nd Put Wall & HVL zone โ break here risks slide to $150
* ๐ $146.00 โ 3rd Put Wall & major downside target
* Volatility Insight:
* IVR 36.1, IVx Avg 73 โ Elevated volatility
* Call flow 37.5% โ Still skewed bullish, but waning
* GEX sentiment: ๐ข๐ก๐ข = Cautiously bullish gamma positioning but losing ground
โ Option Trading Suggestion:
Bias: Bearish if $156 fails; bullish recovery possible only above $160โจStrategy: Bear put spread if $156 breaks
* Entry Idea: Buy 155P / Sell 150P (Aug 2 or Aug 9 expiry)
* Invalidation: Strong reclaim above $160
* Target: $153 โ $150
Why this works: PLTR is nearing a key gamma inflection. Below $156, dealers may need to hedge by selling, fueling a sharper drop. Bulls need to defend this pivot.
๐ง Technical Analysis (1H Chart) (2nd Image Analysis)
Market Structure & SMC:
* ๐ฅ CHoCH confirmed after rejection at $160+
* โ Broke out of ascending structure to the downside
* Sitting just above prior BOS zone at $155
Trendline Dynamics:
* Broken short-term uptrend now acting as resistance
* Downward-sloping structure points toward $153โ150 retest
SMC Zones:
* ๐ฉ Demand Zone: $155โ$153 โ Current defense area
* ๐ฅ Supply Zone (Purple Box): $160โ$162.5 โ Strong resistance cluster
๐ Price Action & Key Levels
* Support:
* โ $155.94 โ Gamma pivot / current defense
* โ $153.06โ$154.91 โ Last key support before major drop
* ๐จ $146.00 โ Next downside target
* Resistance:
* ๐ฉ $160.14 โ First upside target if bounce
* ๐ฉ $161.44โ$162.50 โ Gamma & call wall zone
๐งญ Scalping / Intraday Trade Setup
๐ฅ Bearish Setup (Preferred):
* Entry: Breakdown under $156
* Target 1: $153.50
* Target 2: $150
* Stop: Above $158
๐ฉ Bullish Reversal Setup:
* Entry: Reclaim of $160 with volume
* Target 1: $161.44
* Target 2: $162.50
* Stop: Below $158
๐ Summary Thoughts
* PLTR is at a critical gamma support level.
* A failure here brings a quick shot to $153โ150.
* Bulls must defend $156 and reclaim $160 to flip structure back bullish.
* Options positioning still leans bullish but is weakening, meaning downside acceleration risk is real.
๐จ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your 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.