PLTR Hits Rock Bottom! Will $84 Hold or Break Lower? Feb. 28Palantir Technologies Inc.NASDAQ:PLTRBullBearInsightsTechnical Analysis (TA) & Price Action Palantir (PLTR) is trading within a falling wedge pattern, indicating that the downtrend may soon be nearing exhaustion. The stock has reached a critical support zone at $84-$85, aligning with the highest negative NETGEX and significant PUT support. Key observations: * Trend Structure: PLTR remains in a downtrend, but a reversal is possible if this key support holds. * Support & Resistance: * Major Resistance: $90-$93 (previous breakdown level). * Key Support: $84 (highest negative NETGEX, strong support zone). * Breakout Target: $100-$105 if momentum shifts. * MACD Indicator: Showing continued bearish momentum, but near a potential bullish crossover. * Stoch RSI: Deeply oversold, suggesting a bounce could be imminent. Options Flow & GEX Analysis The GEX (Gamma Exposure) indicator highlights significant PUT dominance, with extreme negative gamma near $84. A break below could trigger a major sell-off toward $80, while a hold at this level could lead to a sharp reversal rally. * IVR (Implied Volatility Rank): 74.2, with IVx avg at 82.4%, indicating high volatility. * Call Side Bias: 27.6% of options flow, meaning bullish bets are increasing. * Key GEX Levels: * PUT Wall & Key Support: $84 → A breakdown could bring $80 as the next stop. * CALL Resistance & Upside Target: $90 → A move above this level could send PLTR to $100+. Trade Plan & Suggestions 📌 Bullish Reversal Setup (Preferred Play) * Entry: Above $86 with strong volume confirmation. * Target 1: $90 * Target 2: $100-$105 (Extended breakout target). * Stop-loss: Below $82 📌 Bearish Breakdown Setup (Hedge Play) * Entry: Below $83 with strong selling pressure. * Target: $80 → $78 * Stop-loss: Above $85 Final Thoughts PLTR is at a high-risk, high-reward level, with $84 acting as the major support zone. If buyers step in, a short squeeze rally toward $90-$100 is likely. However, if selling pressure continues, a break below $84 could accelerate losses toward $80. Watch volume and market conditions closely before making a trade. 📢 Risk Management: Keep tight stop-losses, wait for volume confirmation, and manage position sizing carefully. 🔹 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk accordingly before trading.