SOFI dropped to a loading zone and then bounced. It formed a hammer pattern on the weekly chart. The $16 to $17 range marks a key resistance zone, and breaking above it would signal bullish momentum.
On the downside, $13 serves as a critical support level. If it fails to hold, we might see a pullback to $11.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.