Watching the $PLTR Chart for a Potential Break

I've been keeping a close eye on $PLTR lately. The stock has been consolidating around this 170-175 range for a bit, which isn't unusual after a decent run. What's interesting to me is how it’s currently hovering right at 172.50. I'm seeing a potential for it to break out of this sideways action if it can sustain a move above 175 with some conviction. The real risk for me is if it starts to dip below 170 consistently; that would invalidate my current scenario and suggest more downside is probable, possibly testing the 165 area. It's all about how it reacts to these key levels in the coming sessions, especially with broader market sentiment being a bit mixed.