Please observe the wedgelike structure for SOFI, we had a little boost on Friday but not enough to close out the wedge like structure, price needs to overcome 12.50 and make a higher low or retest 12.50 for a safe long entry, if price falls back below the low of the wick candle and inside the wedgelike structure the shorting may continue, please observe the chart for key levels and for wedgelike structure. The asset is below the 200 EMA and 50 EMA candle confirming bearish sentiment.
Note
Reevaluating for the bulls they won't be safe until price overcomes 13.45
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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.