Sofi is breaking down pretty badly here below the long-term trend line. This has happened before, I call these washouts if they return to the trend line after brief deviations. The prior candle is a very clear rejection candle with a high wick and long body, this is a bad sign for momentum or bullishness. I continue to slowly add to 2026 LEAPs and to sell 6.5 cash secured puts. This could really break down much worse though, 5.65$ looks supportive.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.