PLTR at a Decision Point! for July 14GEX Walls and Wedge Breakdown Incoming?
🔸 GEX (Gamma Exposure) Breakdown for PLTR:
* Current Price: $141.99
* Key Gamma Resistance Zones:
* 📍 $145.15 – Highest Net Positive GEX (Gamma Wall)
* $144.58 – 2nd CALL Wall
* $146 – Overhead resistance from 2nd wall cluster
* Key Gamma Support Zones:
* $137 – HVL & 1st Put Layer
* $135 – 2nd Put Wall
* $132 – 3rd Put Wall
* $128.51 – GEX Low & Major Put Support
GEX Sentiment:
IVR: 39.3 (moderate)
IVx avg: 66.1
Options Flow Bias: CALL$ 56.7% – Slightly bullish
📈 Options Trade Strategy Based on GEX Zones:
🔹 Scenario A – Rejection from $145.15 (Most Probable):
* Bearish PUT Spread Play:
* Buy: $142.5 PUT
* Sell: $137 PUT (exp 7/19)
* Risk/Reward: Balanced downside toward HVL
* Trigger: If price stays below $142.5 and fails to reclaim $144.58
🔹 Scenario B – Breakout Above $145.15:
* Bullish CALL Play (speculative):
* Buy: $147.5 or $150 CALL
* Target: $155 (GEX9 zone)
* Only if: Price closes strongly above $145.5 on volume
🔸 GEX Outlook Summary:
* Upside capped at $146–$150 unless breakout volume enters
* Downside path to $135 / $132 is smoother if $140 breaks
* Gamma squeeze unlikely unless > $146
🧠 1-Hour Price Action & Intraday Trading Setup
⚙️ Market Structure:
* Trendline Support: Holding from recent rally
* CHoCH formed below resistance, suggesting a potential reversal
* BOS zone near $142.5–$144.6 creating supply
* Rising wedge breakdown forming
📊 Key Zones:
* Support: $140.53 (ascending trendline), then $137 (HVL)
* Resistance: $142.5 → $144.58 → $145.15
* Bearish Bias: As long as price is below $144.6
📉 Intraday Trading Plan (1H)
🔻 Short Setup:
* Entry: If price breaks below $140.50 with momentum
* TP1: $137
* TP2: $135
* Stop Loss: Above $144.60
🔼 Reversal Long (Less Probable):
* Entry: Break and hold above $145.15
* TP: $149.5 → $155
* SL: Below $143.5
🧭 Summary Thoughts:
* PLTR is sitting below strong GEX resistance with rising wedge weakness.
* Bearish structure forming unless bulls reclaim $145+ quickly.
* Favor PUT plays targeting $137–$135 unless breakout proves otherwise.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage risk and do your own due diligence before trading.
