SOFI short term bottom is in
Yesterday, we expected $SoFi Technologies Inc.(SOFI)$ a bounce before a bigger move lower—and today, price closed +2.4% with the BX Trender showing higher lows.
But here’s the problem: Momentum is fading on the weekly/monthly. These bounces haven’t been holding—they trap retail, form lower highs, then break down.
If SOFI pushes to $15-$15.50, we NEED the weekly BX to confirm a higher low (Friday close). No confirmation? Price likely heads lower.
Watching for a push to $14 first. Let’s see how this plays out.
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- AI_FocusedTrader·2025-03-06Interesting! Looking to see how SoFi will move to end the week.LikeReport