Is SOFI continuing to fall? Here’s a downtrend continuation setup
Continuation — 📉 Sell
Here’s what the data says:
• Price: 18.54 (24h range: 17.92–18.70)
• RSI(14): 62.7 — near the overbought zone
• EMA20: $18.43 | EMA50: $18.29 ⚠️ Above EMA50
• Volume: $454.4K
📉 If yes, here’s the plan:
📉 Entry: 18.43 – 18.61
🛑 Stop-loss: 19.54
🎯 Target 1: 16.75
🎯 Target 2: 15.60
🎯 Target 3: 13.94
Volume is decreasing as price rises — a distribution pattern is forming.
This resistance level has rejected price several times recently.
Stop-loss first, then volume, then entry. This is the correct order.
Strong bounce 👈 $SOFI 👉 don’t miss it
#SOFI
Continuation — 📉 Sell
Here’s what the data says:
• Price: 18.54 (24h range: 17.92–18.70)
• RSI(14): 62.7 — near the overbought zone
• EMA20: $18.43 | EMA50: $18.29 ⚠️ Above EMA50
• Volume: $454.4K
📉 If yes, here’s the plan:
📉 Entry: 18.43 – 18.61
🛑 Stop-loss: 19.54
🎯 Target 1: 16.75
🎯 Target 2: 15.60
🎯 Target 3: 13.94
Volume is decreasing as price rises — a distribution pattern is forming.
This resistance level has rejected price several times recently.
Stop-loss first, then volume, then entry. This is the correct order.
Strong bounce 👈 $SOFI 👉 don’t miss it
#SOFI