Current Fib setup is set to a template recommended for beginners so that buy zone is a bit broad. Technically broke the uptrend that is started on in mid march.
I do expect more pull back but as soon as there is confirmation of trend reversal and we are back in an uptrend time to take Calls on $SOFI. Based on what I have modeled here, I think it is a good position as long as we get some sort of turn around in the green buy zone.
I would also be prepared to purchase now incase prices recover faster than expected.
I am definitely a younger trader and I am trying to sit on my hands more and find more confluence.
on the daily, the 9/20 Day EMAs have crossed through the 200 day EMA as well.
Please feel free to share any feedback
Iron sharpens iron
I do expect more pull back but as soon as there is confirmation of trend reversal and we are back in an uptrend time to take Calls on $SOFI. Based on what I have modeled here, I think it is a good position as long as we get some sort of turn around in the green buy zone.
I would also be prepared to purchase now incase prices recover faster than expected.
I am definitely a younger trader and I am trying to sit on my hands more and find more confluence.
on the daily, the 9/20 Day EMAs have crossed through the 200 day EMA as well.
Please feel free to share any feedback
Iron sharpens iron
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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.