SoundHound AI Short Trade Setup with Targets

📉 SoundHound AI, Inc. (SOUN) – 1H Chart NASDAQ

Here's a short trade setup I’m watching:

Entry Zone: $17.64 - $18.41 (Fibonacci Resistance Zone)

Stop-Loss: $19.14

Targets:
- Target 1: $15.50
- Target 2: $13.60

Trade Rationale:

- Potential wave (5) completion based on Elliott Wave structure.
- Key Fibonacci levels (1.236 to 1.618) acting as resistance.
- Risk-to-Reward Ratio aligns with technical targets.