SOFI looks ready for a breakout. The price is consolidating just above the cloud after reclaiming the Kijun line. This setup offers solid upside if momentum follows through.
Entry: ~$13.46
Target: $16.37 (21.6% upside)
Stop: $12.43 (7.65% downside)
Risk/Reward: 2.83
Why I like this trade:
Clear support above the cloud and Kijun line
Strong recovery from April lows with higher lows forming
Tight risk with a decent breakout target
Ichimoku showing early signs of bullish trend resumption
I’m watching for volume to confirm and a daily close above $13.70 for conviction. Worth tracking if the macro backdrop holds up.
Let me know if you're in or staying on the sidelines.
#SOFI #Stocks #TradingSetup #Ichimoku #Breakout #RiskReward #SwingTrade #TradingView
Entry: ~$13.46
Target: $16.37 (21.6% upside)
Stop: $12.43 (7.65% downside)
Risk/Reward: 2.83
Why I like this trade:
Clear support above the cloud and Kijun line
Strong recovery from April lows with higher lows forming
Tight risk with a decent breakout target
Ichimoku showing early signs of bullish trend resumption
I’m watching for volume to confirm and a daily close above $13.70 for conviction. Worth tracking if the macro backdrop holds up.
Let me know if you're in or staying on the sidelines.
#SOFI #Stocks #TradingSetup #Ichimoku #Breakout #RiskReward #SwingTrade #TradingView
Trade active
Adding more to position hereNote
Added more to position ~$13.46Trade closed: target reached
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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.
If you found my trades helpful, please consider sending a tip in BTC to: bc1qr35mrh82hykpy9v6znpsyuew85x84ezjyrrf6m
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.