This position is high risk, high reward.....our aim is not to eliminate risk, it is to manage it and use it to the best of our ability. And the best way to do this is taking advantage of some positions that offer substantial upside but not having a large position in and making sure the support levels are held.
$IONQ ran from $8 to $52 and has now pulled back in a 3 wave pull back (bullish) and holding on the standard 0.618 Fib at $24, for a -50% pull back.
A hold here and we must consider that there is a bounce next back to $52 and beyond, with targets $71 and $101....like I said, if you are considering a position, make sure it is small, this is high risk