$ONDS has been under pressure, but I still want to keep it on the watchlist.
The big question is where the bottom will actually be.
I just made a video going through the chart and the levels I’m watching. I also explain what I want to see before I would consider buying.
I’m not interested in trying to catch the exact bottom. If the stock keeps falling, there will be another opportunity later. What matters to me is seeing the structure change and getting a good risk/reward setup.
What I’m watching on ONDS
For now, I’m mainly watching how price behaves around the important support levels.
If we get a reversal, I want to see whether it can form a higher low and then start taking out resistance. That would make the setup much more interesting.
But if sellers remain in control, I’m happy to wait.
ONDS doesn’t have to bottom today for it to become a good trade later.
That’s why it stays on the watchlist.
In the video, I go through the chart and show the levels I’m watching and where I think the better opportunity could be.
$ONDS $RKLB $ASTS
This is my personal market analysis and not financial advice. Trading and investing involve risk.
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