$PLTR perpetual contracts just squeezed early short sellers by 8 full points off the $164.50 demand floor, but chasing green hourly candles into $173+ is walking straight into a trap.
The $176.00 - $177.50 ceiling is heavy overhead distribution where smart money offloaded earlier this month. Buying here turns you into exit liquidity for bottom buyers. High-probability execution means waiting for trapped breakout traders to get flushed on a pullback into $168.00 - $170.00 before reloading for a push back to $176.00.
Hard invalidation: an hourly close below $164.50 shatters the double-bottom structure - cut the position immediately, zero bagholding.
$PLTR #Palantir #Aİ #Liquidations
The $176.00 - $177.50 ceiling is heavy overhead distribution where smart money offloaded earlier this month. Buying here turns you into exit liquidity for bottom buyers. High-probability execution means waiting for trapped breakout traders to get flushed on a pullback into $168.00 - $170.00 before reloading for a push back to $176.00.
Hard invalidation: an hourly close below $164.50 shatters the double-bottom structure - cut the position immediately, zero bagholding.
$PLTR #Palantir #Aİ #Liquidations
