PLTR Pressured at Key Support — Can $155 Hold? 8/1Palantir Technologies Inc.BATS:PLTRBullBearInsightsPLTR Pressured at Key Support — Can $155 Hold or Is a Break to $150 Next? 🔍 GEX & Options Flow Insight (1st Image Analysis) PLTR has been sliding after failing to hold its $160+ range and is now testing the $155–156 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: * 📍 $160.14 → 2nd Call Wall (59.02% GEX) * 📍 $161.44 → Gamma Wall / Highest positive NET GEX * 📍 $162.50 → 3rd Call Wall resistance * Put Walls & Support Zones: * 🛡️ $155.94 → Current gamma pivot and support * 🚨 $153.06–$154.91 → 2nd Put Wall & HVL zone — break here risks slide to $150 * 📉 $146.00 → 3rd Put Wall & major downside target * Volatility Insight: * IVR 36.1, IVx Avg 73 → Elevated volatility * Call flow 37.5% → Still skewed bullish, but waning * GEX sentiment: 🟢🟡🟢 = Cautiously bullish gamma positioning but losing ground ✅ Option Trading Suggestion: Bias: Bearish if $156 fails; bullish recovery possible only above $160 Strategy: 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 → $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. 🧠 Technical Analysis (1H Chart) (2nd Image Analysis) Market Structure & SMC: * 🟥 CHoCH confirmed after rejection at $160+ * ❌ 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 $153–150 retest SMC Zones: * 🟩 Demand Zone: $155–$153 → Current defense area * 🟥 Supply Zone (Purple Box): $160–$162.5 → Strong resistance cluster 🔄 Price Action & Key Levels * Support: * ✅ $155.94 → Gamma pivot / current defense * ✅ $153.06–$154.91 → Last key support before major drop * 🚨 $146.00 → Next downside target * Resistance: * 🚩 $160.14 → First upside target if bounce * 🚩 $161.44–$162.50 → Gamma & call wall zone 🧭 Scalping / Intraday Trade Setup 🟥 Bearish Setup (Preferred): * Entry: Breakdown under $156 * Target 1: $153.50 * Target 2: $150 * Stop: Above $158 🟩 Bullish Reversal Setup: * Entry: Reclaim of $160 with volume * Target 1: $161.44 * Target 2: $162.50 * Stop: Below $158 🔁 Summary Thoughts * PLTR is at a critical gamma support level. * A failure here brings a quick shot to $153–150. * 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. 🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.