Will $182 Trigger a Breakout or a Trap? 🚀
1. Market Structure (1H & 15M)
Palantir (PLTR) is showing a bullish short-term recovery after reclaiming structure from the $169 demand zone, where a strong CHoCH (Change of Character) flipped the prior bearish momentum. The Break of Structure (BOS) around $175 confirmed buyer aggression, and price has since climbed toward the key $180–$182 resistance range.
On the 1-hour chart, PLTR is now testing that upper liquidity pocket — precisely where a previous CHoCH reversal began last week. Smart money likely used the drop under $170 to accumulate positions, and now we’re seeing that energy unwind into overhead liquidity between $180–$183.
On the 15-minute timeframe,
a short-term rising wedge pattern has formed. The intraday CHoCH near $180.3 shows early signs of possible exhaustion, but until structure breaks below $178, the short-term bias remains bullish.
2. Supply and Demand / Order Blocks
* Demand Zone: $175–$177 (former resistance turned support; confirmed with high-volume absorption)
* Immediate Support (FVG Zone): $178–$179 — this area aligns with the 15-min fair value gap and could act as an intraday springboard for continuation.
* Supply Zone: $182–$184 — heavy liquidity cluster visible from prior distribution phase, aligning with multiple order blocks and GEX resistance.
If PLTR breaks and closes above $182.5 with strength, it could trigger a short-covering rally toward $185+. But a failed breakout could produce a sharp retrace back to $176 as trapped longs exit.
3. Indicator Confluence
* 9 EMA / 21 EMA: The 9EMA has crossed above the 21EMA on both 15M and 1H — a solid confirmation of bullish control as long as price stays above $179. The slope is positive, suggesting trend continuation.
* MACD: On the 1-hour, the histogram is strongly green with widening bars — showing bullish momentum regaining steam. On the 15-minute, momentum cooled slightly in the late session, suggesting consolidation before the next leg.
* RSI: The hourly RSI sits around 70, indicating strong but not extreme momentum. On the 15M, RSI cooled back toward 60 after a near-overbought condition, giving bulls room to push again if demand returns.
* Volume: Noticeable pickup on the breakout from $175, confirming participation and likely short covering.
4. GEX (Gamma Exposure) & Options Sentiment
Friday’s GEX map shows $185 as the highest positive gamma and call wall, creating a natural magnet if momentum continues. The HVL (High Volume Level) at $175 coincides with the main structural support and previous BOS zone — an important line for bulls to defend.
Below $175, the PUT wall at $170 marks a critical downside risk zone where dealers may need to sell into weakness. Above, the $180–$182 region carries stacked call walls — the zone where gamma flips could fuel acceleration or rejection.
IVR sits at 30.9, with moderate call bias (36.6%) and a GEX-positive environment, meaning the market is likely to lean toward volatility suppression until a breakout occurs. If PLTR clears $182 with volume, expect a gamma squeeze into $185–$187, while failure there could trap momentum longs and send price right back to $175.
5. Trade Scenarios for Friday, Oct. 24
Bullish Setup 🟩
* Entry Zone: $178–$179 retest or confirmed breakout above $182.3
* Targets: $183.5 → $185 → $187
* Stop-Loss: Below $177
* Confirmation: Price holds above 9EMA on 15M, MACD histogram stays positive, RSI > 55
Bearish Setup 🟥
* Entry Zone: $182–$183 rejection zone
* Targets: $179 → $176 → $172
* Stop-Loss: Above $184.5
* Confirmation: 15M CHoCH + MACD histogram flips red with RSI divergence
6. Closing Outlook for Oct. 24 (Friday)
Friday’s setup looks balanced but leaning bullish as long as $179–$180 holds intraday. A quick liquidity grab under that level early morning could give bulls a clean launch toward $185+. Conversely, if $182 rejects again with heavy volume, expect a pullback toward $175 — where both structure and gamma support align.
My personal take: PLTR looks coiled for a breakout, but the move needs confirmation above $182. A low-volume fakeout would likely fade, while a strong breakout could trigger dealer hedging and send this name flying into the upper $180s.
🔥 Final Thought: “PLTR is sitting right under the ceiling — $182 is the key. If bulls break through, $185–$187 comes fast. But if it fails again, $175 will be back on the radar.”
This analysis is for educational purposes only and not financial advice. Always do your own research and manage your risk before trading.
1. Market Structure (1H & 15M)
Palantir (PLTR) is showing a bullish short-term recovery after reclaiming structure from the $169 demand zone, where a strong CHoCH (Change of Character) flipped the prior bearish momentum. The Break of Structure (BOS) around $175 confirmed buyer aggression, and price has since climbed toward the key $180–$182 resistance range.
On the 1-hour chart, PLTR is now testing that upper liquidity pocket — precisely where a previous CHoCH reversal began last week. Smart money likely used the drop under $170 to accumulate positions, and now we’re seeing that energy unwind into overhead liquidity between $180–$183.
On the 15-minute timeframe,
a short-term rising wedge pattern has formed. The intraday CHoCH near $180.3 shows early signs of possible exhaustion, but until structure breaks below $178, the short-term bias remains bullish.
2. Supply and Demand / Order Blocks
* Demand Zone: $175–$177 (former resistance turned support; confirmed with high-volume absorption)
* Immediate Support (FVG Zone): $178–$179 — this area aligns with the 15-min fair value gap and could act as an intraday springboard for continuation.
* Supply Zone: $182–$184 — heavy liquidity cluster visible from prior distribution phase, aligning with multiple order blocks and GEX resistance.
If PLTR breaks and closes above $182.5 with strength, it could trigger a short-covering rally toward $185+. But a failed breakout could produce a sharp retrace back to $176 as trapped longs exit.
3. Indicator Confluence
* 9 EMA / 21 EMA: The 9EMA has crossed above the 21EMA on both 15M and 1H — a solid confirmation of bullish control as long as price stays above $179. The slope is positive, suggesting trend continuation.
* MACD: On the 1-hour, the histogram is strongly green with widening bars — showing bullish momentum regaining steam. On the 15-minute, momentum cooled slightly in the late session, suggesting consolidation before the next leg.
* RSI: The hourly RSI sits around 70, indicating strong but not extreme momentum. On the 15M, RSI cooled back toward 60 after a near-overbought condition, giving bulls room to push again if demand returns.
* Volume: Noticeable pickup on the breakout from $175, confirming participation and likely short covering.
4. GEX (Gamma Exposure) & Options Sentiment
Friday’s GEX map shows $185 as the highest positive gamma and call wall, creating a natural magnet if momentum continues. The HVL (High Volume Level) at $175 coincides with the main structural support and previous BOS zone — an important line for bulls to defend.
Below $175, the PUT wall at $170 marks a critical downside risk zone where dealers may need to sell into weakness. Above, the $180–$182 region carries stacked call walls — the zone where gamma flips could fuel acceleration or rejection.
IVR sits at 30.9, with moderate call bias (36.6%) and a GEX-positive environment, meaning the market is likely to lean toward volatility suppression until a breakout occurs. If PLTR clears $182 with volume, expect a gamma squeeze into $185–$187, while failure there could trap momentum longs and send price right back to $175.
5. Trade Scenarios for Friday, Oct. 24
Bullish Setup 🟩
* Entry Zone: $178–$179 retest or confirmed breakout above $182.3
* Targets: $183.5 → $185 → $187
* Stop-Loss: Below $177
* Confirmation: Price holds above 9EMA on 15M, MACD histogram stays positive, RSI > 55
Bearish Setup 🟥
* Entry Zone: $182–$183 rejection zone
* Targets: $179 → $176 → $172
* Stop-Loss: Above $184.5
* Confirmation: 15M CHoCH + MACD histogram flips red with RSI divergence
6. Closing Outlook for Oct. 24 (Friday)
Friday’s setup looks balanced but leaning bullish as long as $179–$180 holds intraday. A quick liquidity grab under that level early morning could give bulls a clean launch toward $185+. Conversely, if $182 rejects again with heavy volume, expect a pullback toward $175 — where both structure and gamma support align.
My personal take: PLTR looks coiled for a breakout, but the move needs confirmation above $182. A low-volume fakeout would likely fade, while a strong breakout could trigger dealer hedging and send this name flying into the upper $180s.
🔥 Final Thought: “PLTR is sitting right under the ceiling — $182 is the key. If bulls break through, $185–$187 comes fast. But if it fails again, $175 will be back on the radar.”
This analysis is for educational purposes only and not financial advice. Always do your own research and manage your risk before trading.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.