Palantir scalping + forecast (2-19)

🔥 Market Overview (Palantir - PLTR)
Trend: PLTR is experiencing a sharp correction after a strong parabolic rally.
Key Levels:
Resistance: $119.88 (Supertrend Level)
Support: $106.89 (200 EMA), $107.00 (Recent Intraday Low)
Indicators:
EMA 9: $119.60 (Short-term trend resistance)
EMA 200: $106.89 (Major support)
MACD: Bearish crossover, momentum turning negative.
RSI: 23.44, deeply oversold.
🔥 Scalping Strategy
🩸 1. Rebound Scalping (High-Risk, Oversold Play)

Buy near: $107-$109, targeting $115-$118.
Sell near: $115-$118, targeting $110.
Stop-loss: Below $106.
🩸 2. Momentum Scalping (If $115 Breaks)

Buy above: $115, targeting $119-$122.
Stop-loss: Below $113.
🩸 3. Breakdown Scalping (Bearish Play)

Short near: $115-$118, targeting $110.
Short below: $107, targeting $100.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
PLTR is in a strong correction phase after a parabolic run-up.
If $106-$107 holds, expect a bounce towards $115-$118.
A breakdown below $106 could trigger further selling towards $100.
🔥 News & Market Context
PLTR surged due to strong earnings and AI hype, but overbought conditions led to profit-taking.
Market is in a risk-off mode, which increases volatility.
Institutional interest remains strong, but short-term downside risk is elevated.
🔥 Decision:
🩸 Short-term: Look for a bounce from $107, but manage risk carefully.
🩸 Mid-term: Only bullish if price reclaims $115+.
🩸 Ideal Play: Scalp longs from $107, short rejections at $115-$118.

👑 Final Verdict:
PLTR is deeply oversold but still under correction pressure. Risk-to-reward favors a bounce, but failure to hold $107 could trigger a bigger drop.

🔥 LucanInvestor's Quote:
"Buying weakness takes courage—selling strength takes discipline." 👑