🔍 Weekly Trade: PLTR Bearish Momentum Building

Market Outlook: Bearish

Sector: Technology / AI

Risk Level: Moderate

🔍 Breakdown of Entry- Short Continuation

• Bearish Rejection from $72 zone
• Failed Bounce despite market-wide recovery attempts
• Lower Highs forming under resistance
• Volume supporting bearish conviction
• Below Swing High AVWAP showing seller dominance
• Price Targets are the 63.40 level as it forms confluence with
  • Major support level
  • 200 EMA

🚨 Risk Management

• Stop is placed above recent structure and wick highs
• $88.10 is the level that invalidates the current bearish thesis if price gets above
• Use proper sizing for risk management (ideally <2% risk per trade)
• Although be on the lookout for any quick bounces, if this happens we should wait and short the pops which would allow for the downside curl continuation

📝 Final Thoughts

PLTR has been a high-flying AI name, but momentum appears to be fading, and the overall market is failing to inspire risk-on appetite. If the current trend holds, this name could revisit its $63.40 support, offering a clean swing short opportunity.

This setup is particularly attractive for traders who favor trend-following + confluence-based trading with tight risk.