PLTR: Approaching Key Resistance
🔥 LucanInvestor's Strategy:
🩸 Short: Below $70.21, targeting $68 and $65. The MACD is still below zero, indicating bearish risks remain if support fails.
🩸 Long: Above $77.76, aiming for $76 and $80. A breakout above resistance signals continued bullish recovery.
🔥 LucanInvestor's Commands:
🩸 Resistance: $77.76 — A crucial level for bulls to confirm momentum.
🩸 Support: $70.21 — Key support level; breaking below could lead to bearish continuation.
Palantir (PLTR) is showing signs of recovery, with the price moving above the 9-day EMA ($70.21). However, MACD remains in bearish territory, requiring caution until a breakout above $77.76 confirms sustained bullish momentum. Increased volume will be critical for validation.
👑 "Patience is the foundation of all great trades." — LucanInvestor
🩸 Short: Below $70.21, targeting $68 and $65. The MACD is still below zero, indicating bearish risks remain if support fails.
🩸 Long: Above $77.76, aiming for $76 and $80. A breakout above resistance signals continued bullish recovery.
🔥 LucanInvestor's Commands:
🩸 Resistance: $77.76 — A crucial level for bulls to confirm momentum.
🩸 Support: $70.21 — Key support level; breaking below could lead to bearish continuation.
Palantir (PLTR) is showing signs of recovery, with the price moving above the 9-day EMA ($70.21). However, MACD remains in bearish territory, requiring caution until a breakout above $77.76 confirms sustained bullish momentum. Increased volume will be critical for validation.
👑 "Patience is the foundation of all great trades." — LucanInvestor
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