$SOFI
Added 2024-10-07 10:11:52 +0000 UTCThe movement below the blue line at $8.30 has not been pretty and there has been a clear battle going on at this important resistance/support level since Jan 2023
Price has been making higher lows since July and the 200 and 50 Day MA's have been doing a good job acting as support since but the price needs to flip $8.30 to support convincingly to attract buyers here
A hold here and the 1.618 Fib test is next at $10.50 and then the previous high at $11.70 is likely next
$SOFI above $8.30 is a low risk area for me but staying below this level and it can reject again....so there is high risk below this level of more downside.
Comments
I am indeed out of sudden noticing a lot of attention for SOFI on X. Not sure if thats a good or bad thing tho
Vojtěch Šimeček
2024-10-07 10:24:47 +0000 UTC
