🔍 Market Structure & Smart Money Concepts (SMC):
* Current Structure: SOFI is in a clean downtrend channel with consecutive CHoCHs and a recent Break of Structure (BOS) to the downside.
* Price has consolidated into a red SMC Reversal Zone, just below the prior CHoCH level, signaling potential short-term relief or further breakdown.
* Bulls have failed to reclaim control post-CHoCH from March 26–27. Lower highs and aggressive sell-offs dominate.
📉 Technical Indicator Summary:
* MACD: Currently flat but slightly converging—no strong bullish momentum yet.
* Stoch RSI: Resetting from oversold, but not giving a decisive bullish reversal yet. Caution warranted for early longs.
* Trendlines: Price is pressing against a lower trendline, and any break below ~$11.70 could accelerate toward the $11.00 level or lower.
🔧 Support & Resistance:
* Resistance:
* $12.34: Structure high and minor supply.
* $13.89: Former CHoCH and Gamma Call Resistance.
* Support:
* $11.70: Current demand/put wall zone.
* $11.00: Second major PUT Wall and psychological round number.
* $10.85: Fib confluence / key GEX support.
💥 Options & GEX Analysis (from GEX [PRO] + Options Oscillator):
* IVR: 56.6 (elevated, signaling potential high options premium)
* IVx Avg: 102.2 — suggests volatility pricing is very high
* Options Sentiment:
* CALLs: 26.1%
* GEX: 🔴🔴🔴 (Bearish Gamma setup)
* Put Walls:
* $12.00: Highest negative NET GEX (key support!)
* $11.00: 2nd Put Wall (danger zone if breached)
* Call Resistance:
* $13.00–$13.89: Gamma Wall, strong selling pressure zone
* Bias: Bearish-to-neutral until bulls reclaim $12.34 or break above descending trendline.
📊 Trade Setups (For Educational Purposes Only):
🔴 Bearish Continuation:
* Entry: Below $11.70
* Target: $11.00 → $10.85
* Stop-loss: Above $12.00
🟢 Bullish Reversal Setup (Speculative):
* Entry: On reclaim of $12.34 with volume
* Target: $13.00 → $13.89
* Stop-loss: Below $11.70
🔮 Outlook Summary:
SOFI is trading inside a tight bearish channel near key GEX support. Unless bulls reclaim $12.34 or show aggressive demand near $11.70, the trend favors bears. Keep an eye on GEX and IVR behavior into April 4 OPEX.
🛑 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk accordingly.
* Current Structure: SOFI is in a clean downtrend channel with consecutive CHoCHs and a recent Break of Structure (BOS) to the downside.
* Price has consolidated into a red SMC Reversal Zone, just below the prior CHoCH level, signaling potential short-term relief or further breakdown.
* Bulls have failed to reclaim control post-CHoCH from March 26–27. Lower highs and aggressive sell-offs dominate.
📉 Technical Indicator Summary:
* MACD: Currently flat but slightly converging—no strong bullish momentum yet.
* Stoch RSI: Resetting from oversold, but not giving a decisive bullish reversal yet. Caution warranted for early longs.
* Trendlines: Price is pressing against a lower trendline, and any break below ~$11.70 could accelerate toward the $11.00 level or lower.
🔧 Support & Resistance:
* Resistance:
* $12.34: Structure high and minor supply.
* $13.89: Former CHoCH and Gamma Call Resistance.
* Support:
* $11.70: Current demand/put wall zone.
* $11.00: Second major PUT Wall and psychological round number.
* $10.85: Fib confluence / key GEX support.
💥 Options & GEX Analysis (from GEX [PRO] + Options Oscillator):
* IVR: 56.6 (elevated, signaling potential high options premium)
* IVx Avg: 102.2 — suggests volatility pricing is very high
* Options Sentiment:
* CALLs: 26.1%
* GEX: 🔴🔴🔴 (Bearish Gamma setup)
* Put Walls:
* $12.00: Highest negative NET GEX (key support!)
* $11.00: 2nd Put Wall (danger zone if breached)
* Call Resistance:
* $13.00–$13.89: Gamma Wall, strong selling pressure zone
* Bias: Bearish-to-neutral until bulls reclaim $12.34 or break above descending trendline.
📊 Trade Setups (For Educational Purposes Only):
🔴 Bearish Continuation:
* Entry: Below $11.70
* Target: $11.00 → $10.85
* Stop-loss: Above $12.00
🟢 Bullish Reversal Setup (Speculative):
* Entry: On reclaim of $12.34 with volume
* Target: $13.00 → $13.89
* Stop-loss: Below $11.70
🔮 Outlook Summary:
SOFI is trading inside a tight bearish channel near key GEX support. Unless bulls reclaim $12.34 or show aggressive demand near $11.70, the trend favors bears. Keep an eye on GEX and IVR behavior into April 4 OPEX.
🛑 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk accordingly.
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.