Palantir (PLTR) Approaching Critical Levels!📊 Technical Analysis (TA):
1. Trend & Structure:
* PLTR is in a strong downtrend, confirmed by multiple Break of Structure (BOS) signals.
* Change of Character (ChoCH) attempts have failed, reinforcing bearish control.
* Key Resistance: ~90-95 (supply zone)
* Support Zone: ~78-80 (high liquidity demand zone)
2. Indicators:
* MACD & Stochastics indicate weakness, signaling further downside potential.
* Volume remains high on selling pressure, further validating the downtrend.
🔹 GEX & Options Flow:
1. Call Walls (Resistance) 🚧
* 100-105: Heavy resistance, unlikely to be breached in the near term.
* 120: Major CALL wall, a strong gamma resistance.
2. Put Walls (Support) 🛑
* 75: Significant put positioning, acting as short-term support.
* 70: Highest negative NETGEX, meaning a strong breakdown could accelerate to this level.
3. IV Rank & Skew:
* IVR 82.7, signaling high implied volatility.
* IV skew heavily favors puts, suggesting continued bearish sentiment.
* Calls only 21.5%, confirming put dominance.
📌 Trading Plan & Suggestions:
* Bullish Scenario:
* A reclaim above 85-90 could push PLTR toward 95-100.
* Calls or spreads with April expiry could benefit from a bounce.
* Bearish Scenario:
* A breakdown below 78-80 could send PLTR toward 70-75, leading to strong put activity.
* Ideal Put Play: Buy March-April 80P or 75P targeting 70-75.
⚠️ Key Warning: If PLTR holds 80, we might see a sharp bounce due to short covering.
🔥 Conclusion: PLTR at a Crossroad – Major Move Incoming!
PLTR is hovering near key liquidity zones, with options flow favoring downside. The next few sessions will be crucial in determining direction. If it fails to hold 78-80, expect further selling pressure. Watch for reaction levels before entering trades. 🚀📉
🚨 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.