PLTR Ready for a Massive Breakout!

Palantir Technologies (PLTR) has been steadily climbing within an ascending channel, and we are now approaching a key breakout level. The stock has been showing strong momentum, with higher highs and higher lows forming a bullish structure.

🔍 Technical Analysis:
✅ Trend: PLTR has been riding the upper trendline of the ascending channel. If it breaks above, we could see an explosive move.
✅ Volume: Increasing volume indicates strong buyer interest, suggesting accumulation before a breakout.
✅ Indicators: The momentum oscillator is reaching bullish territory, aligning with the breakout thesis.
✅ Support Levels: Holding above $100 is crucial, with strong support around $93.
✅ Resistance: Key breakout zone sits around $120-$125—once cleared, PLTR could skyrocket.

📈 My Trading Plan:
🎯 Target: $140+ in the next few weeks.
🛑 Stop-Loss: Below $100 to protect against downside risk.
🔄 Strategy: Waiting for confirmation above $120 with strong volume before entering.

💡 Conclusion: The risk-reward ratio looks favorable here, and all signs point to PLTR making a big move. A confirmed breakout could open the gates to new highs! 🚀🔥