1. SoFi is forming a new trading range without specific news. 2. Resistance at $28.40 indicates a potential selling point. 3. Recent support observed at $25.20 could serve as a new bottom. 4. Traders might buy near support and sell close to resistance. 5. Breaking resistance could signal a bullish momentum for SoFi.
The formation of a trading range indicates strong interest and potential for upward movement. Historical trends show that successful breakout can lead to significant price increases.
The article provides actionable insights for traders and investors, particularly regarding trading strategies based on support and resistance levels.
The current trading range suggests volatility in the near term, making it more relevant for traders. Short-term players often react quickly to resistance and support levels.