current price action is slightly higher than the previous breakoAs the drone industry progresses there should be a shift in demand for remote controlled drone operations. With the use cases being available for customers in rail, energy, public safety, critical infrastructure, and government markets with mission-critical networks, autonomous drones, counter-drone solutions, and artificial intelligence capabilities.
Trading above its last breakout price of 1.5usd price is sitting at a peculiar price action, current weekly bearish candle bars are weakening and getting smaller it will be interesting to see the price reaction above or near 1.5USD and between 2.0usd which has been the price of interest for said ticker ONDS.
some scenarios to consider anytime into 2025, partnership, future funding can greatly appreciate the current value surrounding this stock the contracts made with the govt aspect, the advance of technology within the space.
With similar stocks such as KRATOS benefitting from Trump inauguration into office should allow ONDS to realize some of the market share within the space.
To be continued..
ONDS trade ideas
ONDS Long Trade Setup | Entry, SL, T1, T2!Type: Long Trade 📈
Entry Point: $2.01 (marked breakout level)
Stop Loss (SL): $1.78 (marked in red) 🚫
Target 1 (T1): $2.32 (marked in yellow) 🟡
Target 2 (T2): $2.48 (marked in green) ✅
Reason for Long: Symmetrical triangle breakout pattern, suggesting bullish momentum is likely to continue. The breakout is supported by increasing volume and a strong support base.
Confirmation: Price broke out of the triangle with sustained strength above $2.01.
Timeframe: 30-minute chart.
ONDS Triangle Support Setup with Breakout Potential!
Key Details:**
- **Entry Point:** $2.49
- **Stop Loss:** $2.32
- **Take Profit Targets:**
- **T1:** $2.78
- **T2:** $3.15
This setup highlights a triangle support pattern with potential for a bullish breakout. Key risk-to-reward levels are identified for profitable trades. 📈 Monitor closely for volume confirmation.
ONDSI am thinking to buy at 9.41 and sell at 9.81 and 10.54
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