After reaching an all-time high of $32.73 per share, SoFi Technologies (SOFI) has pulled back significantly and is now trading approximately 44% below its peak, presenting a potential accumulation opportunity. Two scenarios stand out: 1. If price holds the $16.47 region with strong volume confirmation, this would establish a solid support base. In that case, I plan to begin laddering into a position around this level. 2. If $16.47 fails to hold and price action shows continued weakness, the next key support area sits near $13.21. That level would represent a deeper discount and an attractive zone to bid more aggressively. I’ll continue monitoring price structure, volume behaviour, and broader market conditions before executing. #NFA
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$SOFI
After reaching an all-time high of $32.73 per share, SoFi Technologies (SOFI) has pulled back significantly and is now trading approximately 44% below its peak, presenting a potential accumulation opportunity.
Two scenarios stand out:
1. If price holds the $16.47 region with strong volume confirmation, this would establish a solid support base. In that case, I plan to begin laddering into a position around this level.
2. If $16.47 fails to hold and price action shows continued weakness, the next key support area sits near $13.21. That level would represent a deeper discount and an attractive zone to bid more aggressively.
I’ll continue monitoring price structure, volume behaviour, and broader market conditions before executing.
#NFA