$PLTR saw a sharp long liquidation around 115.64, triggering a fast flush into support before buyers stepped in. The reaction from that zone suggests the market absorbed the selling pressure rather than continuing lower.
On the 5m and 15m timeframe, price is beginning to stabilize with signs of a short-term base forming. Selling volume has cooled, candles are holding above recent lows, and higher lows are starting to develop. This often signals that liquidation-driven weakness is fading.
Entry Point
115.20 - 116.00
Target Point
TP1: 118.50
TP2: 121.00
TP3: 124.50
Stop Loss
113.40
This setup can work if buyers continue defending the recent support area. Liquidity absorption, reduced selling pressure, and improving candle structure suggest momentum could rotate back to the upside and push price toward nearby resistance levels.