This one came from a member request. Here's my full read on PLTR — and why I'm not trading it yet.
🗺️ Zone Map — screenshot this for your chart:
Higher supply: 172-182 (Resistance above)
Current supply: 159.80-165 (Reacting here now)
Structure break: 149.09 (Short confirmation)
Demand: 126-138 (Support below)
⚡ Action right now: Set alerts at 149.09, 172, and 138. When one hits, come back to this post — your playbook for each scenario is below.
Price is between these zones with no confirmed direction. I'm not trading this range — it's no man's land. Here's exactly what I'll do when each scenario triggers:
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Scenario 1 — Short from 159.80-165 (current supply)
Price is reacting off this supply now with 1hr selling pressure, but the short isn't confirmed yet.
Trigger: Daily close below 149.09.
What to do when it triggers:
1. Mark the high of the breakdown move — that's your newly formed supply zone
2. Wait for price to pull back UP into that new supply (the remitigate — price retesting the zone sellers just created)
3. Enter short on the remitigate. Stop above the new supply zone
4. T1: 138 (top of demand). T2: 126 (bottom of demand)
5. Risk: 0.5% of account
Why 149.09 matters: That's the structure break — where price closing below confirms sellers took control, not just tested. Without that break, the 1hr selling pressure could be a pullback, not a reversal. The remitigate is what separates a chase from a high-probability entry — you're letting price come to you after direction is confirmed.
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Scenario 2 — Short from 172-182 (higher supply)
Only in play if price pushes through 159.80-165 without selling off.
Trigger: Price trades into 172-182 + 1hr rejection with clear selling pressure.
What to do when it triggers:
1. Watch 1hr price action inside 172-182 for rejection — sellers stepping in, candles closing weak
2. Enter short on the 1hr shift in structure (when 1hr starts making lower highs and lower lows inside the zone)
3. Stop above 182 (above the zone)
4. T1: 165 (top of current supply). T2: 159.80. T3: 149.09 if momentum builds
5. Risk: 0.5% of account
Why this zone is stronger: Higher timeframe supply = bigger institutional positions behind it. These are levels where larger money sold previously, so reactions here tend to be more decisive than at lower timeframe zones like 159.80-165.
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Scenario 3 — Long from 126-138 (demand)
Only in play if price sells off from current levels.
Trigger: Price trades into 126-138 + lower timeframe buying pressure.
What to do when it triggers:
1. Watch for absorption inside 126-138 — that's large sell orders getting eaten by buyers (you'll see price hold despite selling volume)
2. Wait for lower timeframe structure shift — higher lows forming, bullish candle closes, momentum flipping
3. Enter long on the structure shift. Stop below 126 (below the zone)
4. T1: 149.09 (previous structure level). T2: 159.80 (bottom of supply)
5. Risk: 0.5% of account
Why you can't just buy the zone: A zone tells you WHERE to look. Lower timeframe price action tells you WHEN to act. Buying just because price reached a level is how you catch a falling knife. The absorption and structure shift confirm buyers are actually there — not just hoped for.
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Conviction: 5/10 — This is a scenario map, not an active trade. No confirmed direction. When a scenario triggers, I'll update conviction and post real-time entry details. Size conservatively until confirmation.
IF 149.09 breaks → Scenario 1 activates. Levels update real time.
IF price pushes into 172-182 → Scenario 2 activates. Watching 1hr rejection.
IF price sells into 126-138 → Scenario 3 activates. Watching for absorption.
IF chops between 159.80 and 149.09 → No trade. Patience IS the trade.
I'll reply to this post when a trigger fires — turn on notifications so you don't miss the update.
Which scenario are you building a plan around? Drop your entry trigger and stop level — I'll give feedback on your plan.