$SOFI is into its 5th day of holding on the blue line now.
The Bulls are fighting hard to defend the line, the more strength they show, the more likely the chance of a breakout to the upside will be next.
The 50 and 200 Day MA are just slightly below to offer further support if needed.
I am heavy in $PYPL so I do not have a position here but holders do not need to do anything here apart from considering adding to their position once this starts to break out.
As always we looks for a series of higher highs and higher lows to show that the price is starting to reverse to the upside again.
TommyJR
2024-01-11 21:03:33 +0000 UTC