PLTR Approaching Key Gamma Resistance–Will 140 Break or Reject?Palantir Technologies Inc.BATS:PLTRBullBearInsights🔍 Options Sentiment (GEX Analysis): PLTR is pushing into a high gamma zone with notable resistance from options positioning: * Call Walls are stacked at 140, 142, and 145, with the 145 line aligning with a GEX10 and 2nd Call Wall (86.54%). This suggests significant overhead resistance and a possible hedging zone. * Gamma flip zone is near 137, where the Highest Positive NETGEX sits — this acts as a pivot or support. * Below 133, a Put Wall at 130, along with -14.16% NetGEX, offers clear downside targets if bulls lose momentum. Implied Volatility Data: * IVR 38.5 / IVx avg 62.3 – Implied volatility is relatively compressed. * Call positioning is dominant at 38.1%, with GEX showing a ⚠️ yellow signal and diamond risk signals forming — indicating risk of volatility expansion. 🧠 Options Trade Ideas: Bullish Case (Momentum breakout): * If PLTR clears 140 with volume, a breakout toward 144–146 is possible. * Suggested trade: * Buy 145C or 150C (next week) on breakout + momentum confirmation. * Ideal for gamma squeeze into overhead walls. * Cut below 137. Bearish Case (Rejection & fade): * Rejection below 140 + shift under 137 would invalidate gamma support. * Suggested trade: * Buy 135P or 130P, looking for unwind down to 133 → 130. * Cut if PLTR reclaims 140 and holds. ⏱ 1-Hour Price Action Analysis (Intraday to Swing Trading): PLTR has been climbing steadily within a rising wedge channel, forming higher lows and breaking previous CHoCH/BOS zones. * Recent CHoCH → xBOS confirms bullish intent but we’re currently at a potential short-term supply zone. * Price is near structural resistance at 139.30–140, while remaining above the ascending trendline support. 📌 Key Levels: * Resistance: 140 → 142 → 145 * Support: 137 (pivot), 133 (gap/FVG), then 130 * Trendline Support: Ascending, unbroken since early July 💡 Trading Outlook & Strategy: * This is a "make-or-break" zone — bulls must clear 140 to unlock upside toward 144–146 (in line with call walls). * Failure to break this level likely triggers profit-taking, especially if macro headwinds align. * A pullback to 133–137 could provide a clean dip-buy zone, but a breakdown below 133 opens room to 130 and beyond. ✅ Actionable Strategy: * Break & Hold Above 140 = Long setup * Target 144/146 * Stop below 137 * Failure at 140 + Break Below 137 = Short setup * Target 133/130 * Stop above 140 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk carefully.