SOFI is showing strength above the $13.50 level after bouncing off the middle Bollinger Band. Increasing volume and early MACD recovery suggest a potential continuation toward the next resistance at $17.50.
Trade Setup:
• Entry Zone: $13.50 - $13.80
• First Target: $15.50
• Second Target: $17.50
• Stop Loss: Below $12.80
Technical Analysis Highlights:
• Price holding above the middle Bollinger Band.
• Increasing trading volume.
• Early bullish signals on MACD.
Recommendation:
Consider buying above $13.50 with targets at $15.50 and $17.50, managing risk below $12.80.
Trade Setup:
• Entry Zone: $13.50 - $13.80
• First Target: $15.50
• Second Target: $17.50
• Stop Loss: Below $12.80
Technical Analysis Highlights:
• Price holding above the middle Bollinger Band.
• Increasing trading volume.
• Early bullish signals on MACD.
Recommendation:
Consider buying above $13.50 with targets at $15.50 and $17.50, managing risk below $12.80.
Disclaimer
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.
Disclaimer
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.