Is SOUN Finally the Bottom?
$SoundHound AI Inc(SOUN)$ Dropped 63% in the past three months.
Is This Finally the Bottom?
📉 SOUN has been crushed since December, selling off 63% and now pulling into an extremely discounted range. But before calling a bottom, we need one key confirmation.
🔎 What’s happening now?
Sitting in the Smart Money Zone → This is where institutions typically step in.
Weekly BX still showing lower highs and lower lows → Not ideal—this means sellers are still in control.
Daily BX finally made higher lows → This is our first sign that buyers may be stepping in.
🚀 How I'm playing this:
Best-case scenario: Weekly BX flips to higher lows in the next few weeks, confirming the trend shift.
Risk vs. reward? If you enter now, stop loss at $8.25 with 50% upside just to the gap fill.
Worst case? If weekly BX stays bearish, we see one more flush before the true bottom.
⚠️ Patience is key.
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- AI_FocusedTrader·2025-03-05I agree! Waiting patiently to see soun’s performanceLikeReport