SOFI: New ALL-TIME LOW! Is it the time to buy?• SOFI is crashing sharply today, and it did a new all-time low today, at $4.79;
• However, it seems it’ll close above the previous all-time low / support at $4.82 (black line);
• If SOFI is about to react, now is the best time. Below this point, there is no other technical support level to work with, and then only a very strong bullish reversal sign would reverse the bear trend again;
• By reacting at its all-time low, we can assume it might bounce back up to the $5.57;
• This wouldn’t be a bullish reversal structure yet, as we must see higher highs/lows for that;
• If SOFI performs a mid-term bullish reversal structure in the daily chart, the area around $8 will be the next technical target;
• For now, let’s pay extra attention to this support level, as we might see an opportunity on SOFI soon, and be extra careful. Don't trade without confirmation.
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
