Technical Analysis & Price Action
* Trend Overview: PLTR has shown volatility with a sharp drop from $72.20 and a quick recovery to the $70 zone, currently consolidating around $69.69. This indicates indecision with potential for a breakout or further correction.
* Support Levels:
* $67.28: Immediate support from previous consolidation.
* $65.65: Strong support aligning with a prior liquidity zone.
* $64.24: Critical support, marking a potential bearish breakdown.
* Resistance Levels:
* $71.31: Immediate resistance; a break above here could target $72.20 and beyond.
* $72.20: Key resistance; breaking this level on volume could lead to a bullish rally toward $74.
Liquidity Zones & Order Blocks
* Liquidity Zone: $67–$68, where significant volume accumulation occurred during recovery.
* Order Block: $69.50–$70.50; a breakout from this range could determine the next directional move.
Scalping Playbook
1. Bullish Setup:
* Entry: Above $71.31 with volume confirmation.
* Target: $72.20 (partial) and $74.
* Stop Loss: Below $70.
2. Bearish Setup:
* Entry: Below $67.28 with a break on heavy volume.
* Target: $65.65 (partial) and $64.24.
* Stop Loss: Above $68.
Swing Trade Strategy
1. Bullish Swing:
* Entry: If PLTR closes above $72.20 with strong volume.
* Target: $74 (short-term) and $76 (medium-term).
* Stop Loss: $70.
2. Bearish Swing:
* Entry: A break below $65.65 with volume.
* Target: $64 and possibly $62.
* Stop Loss: $67.
Thoughts & Projections
* PLTR’s current price action shows potential for a breakout above $71.31 if the bulls maintain momentum. However, failure to hold $67.28 could lead to a bearish reversal.
* The MACD on lower timeframes is curling slightly bearish, indicating caution. Monitor volume closely for confirmation of either direction.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research and manage risks responsibly.
* Trend Overview: PLTR has shown volatility with a sharp drop from $72.20 and a quick recovery to the $70 zone, currently consolidating around $69.69. This indicates indecision with potential for a breakout or further correction.
* Support Levels:
* $67.28: Immediate support from previous consolidation.
* $65.65: Strong support aligning with a prior liquidity zone.
* $64.24: Critical support, marking a potential bearish breakdown.
* Resistance Levels:
* $71.31: Immediate resistance; a break above here could target $72.20 and beyond.
* $72.20: Key resistance; breaking this level on volume could lead to a bullish rally toward $74.
Liquidity Zones & Order Blocks
* Liquidity Zone: $67–$68, where significant volume accumulation occurred during recovery.
* Order Block: $69.50–$70.50; a breakout from this range could determine the next directional move.
Scalping Playbook
1. Bullish Setup:
* Entry: Above $71.31 with volume confirmation.
* Target: $72.20 (partial) and $74.
* Stop Loss: Below $70.
2. Bearish Setup:
* Entry: Below $67.28 with a break on heavy volume.
* Target: $65.65 (partial) and $64.24.
* Stop Loss: Above $68.
Swing Trade Strategy
1. Bullish Swing:
* Entry: If PLTR closes above $72.20 with strong volume.
* Target: $74 (short-term) and $76 (medium-term).
* Stop Loss: $70.
2. Bearish Swing:
* Entry: A break below $65.65 with volume.
* Target: $64 and possibly $62.
* Stop Loss: $67.
Thoughts & Projections
* PLTR’s current price action shows potential for a breakout above $71.31 if the bulls maintain momentum. However, failure to hold $67.28 could lead to a bearish reversal.
* The MACD on lower timeframes is curling slightly bearish, indicating caution. Monitor volume closely for confirmation of either direction.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research and manage risks responsibly.
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.