PLTR June 18: Holding the $135 LinePalantir Technologies Inc. Class ANASDAQ:PLTRBullBearInsights PLTR enters June 18 after a sharp multi-session decline that pushed price directly into one of the most important support zones on the positioning map. After spending several sessions consolidating near 141-142, sellers regained control and drove the stock lower toward the current 134 area. The recent selloff has shifted short-term momentum firmly in favor of the bears, but PLTR is now approaching a critical decision area where buyers may attempt to defend support and generate a relief rally. Technical Structure The 15-minute chart shows a clear bearish structure with lower highs, lower lows, and persistent selling pressure throughout the recent sessions. After failing to hold above the 141 resistance zone, PLTR broke trend support and accelerated lower. The stock has now lost nearly every major support level from the previous consolidation range and is trading near session lows. Recent candles show some stabilization around the 134-135 area, but buyers have not yet shown enough strength to reverse the trend. Volume expanded during the decline, suggesting institutions were actively reducing exposure rather than simply locking in profits. As long as PLTR remains below 141, bears maintain the short-term advantage. Key Levels to Watch Support 135.00 132.00 130.00 128.00 Resistance 141.00 144.00 145.00 149.00 155.00 Positioning Map Breakdown The positioning map shows PLTR trading directly above the major support zone at 135.00, making this the most important level heading into June 18. This area represents the first significant support beneath current price and is acting as the immediate battleground between buyers and sellers. The most important control level remains the 141.00 HVL (High Volume Level). This level previously acted as support but has now become major resistance following the breakdown. For bulls to regain momentum, price must reclaim and hold above 141. Until that occurs, rallies are likely to be viewed as temporary relief bounces within a broader bearish trend. Above current price, resistance begins near 144 and strengthens around 145, with larger positioning resistance appearing near 149 and 155. These levels represent the upside targets buyers would need to recover to reverse the current bearish structure. Below current price, support sits at 135, followed by 132, 130, and the projected downside area near 128. If sellers successfully break 135, the positioning map suggests downside momentum could accelerate because support becomes increasingly limited underneath current levels. The battle between 135 support and 141 resistance will likely determine PLTR's next major move. Bullish Scenario Bulls need to defend the 135 support area and reclaim the HVL quickly. A move back above 141 would be the first sign that selling pressure is weakening. Continued strength above 144 and 145 could trigger short covering and open the door toward 149. If buyers reclaim 149, momentum could improve significantly and potentially target 155. Bullish Targets 141.00 144.00 145.00 149.00 155.00 Bearish Scenario The current trend remains bearish. Failure to hold 135 would likely bring immediate pressure toward 132. A breakdown below 132 could expose 130 and eventually the projected support zone near 128. If growth and AI-related stocks remain under pressure, PLTR could experience another wave of selling as bears maintain control of the trend. Bearish Targets 132.00 130.00 128.00 Trading Plan For Calls: Wait for PLTR to reclaim 141 and hold above that level. Additional confirmation would come from a move above 144 with improving volume. Aggressive traders may attempt a bounce from 135, but confirmation remains important given the current bearish structure. For Puts: As long as PLTR remains below 141, bears retain the advantage. A clean break below 135 could provide continuation opportunities toward 132 and lower. Strong volume on a breakdown would strengthen the bearish case. Final Thoughts June 18 is shaping up to be a critical session for PLTR. The stock is sitting directly above a major support zone while the broader trend remains bearish. The key battle zone sits between 135 support and 141 resistance. Bulls need to defend support and reclaim the HVL to shift momentum back in their favor. Bears will focus on breaking 135 and extending the decline toward 132, 130, and potentially 128. The first reaction around the 135 support area will likely provide the clearest clue regarding PLTR's next directional move.