$ONDS Bulls Face a Tough Reality Check
Closed my $Ondas Holdings Inc.(ONDS)$ a couple weeks ago.
I think this market cycle is done for now. ❌
Monthly BX is printing dark red.
If we close red Friday, that kicks us into redistribution.
In that stage (point 3 on the second image), price usually sells off into the bigger timeframe discount zone:
Target range: $5–$3.50. 🎯
Could we see one more short term rally back toward $11?
Yes. I see that as classic exit liquidity:
Big money selling into retail who are still hoping for new highs.
I hope I am wrong.
I do not benefit from $ONDS dropping.
I would rather holders make moneythan be able to say “told you so.”
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