Is SOFI continuing to fall? Hereโs a downtrend continuation setup
Continuation โ ๐ Sell
Hereโs what the data says:
โข Price: 18.54 (24h range: 17.92โ18.70)
โข RSI(14): 62.7 โ near the overbought zone
โข EMA20: $18.43 | EMA50: $18.29 โ ๏ธ Above EMA50
โข Volume: $454.4K
๐ If yes, hereโs the plan:
๐ Entry: 18.43 โ 18.61
๐ Stop-loss: 19.54
๐ฏ Target 1: 16.75
๐ฏ Target 2: 15.60
๐ฏ Target 3: 13.94
Volume is decreasing as price rises โ 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 ๐
$SOFI ๐ donโt miss it
#SOFI