trading

trading

Thursday 17 October 2024

SOFI - abc

 Trading Plan:

  • Entry Point: If not already in the trade, consider entering on a pullback, possibly around $9.00-$9.20 to reduce risk and align with the bullish trend.
  • Stop Loss: Below the $8.00 level (recent support) to protect against a deeper correction.
  • Target: The next target could be around $10.50-$11.00, as this is the next psychological resistance level. If the momentum continues, there could be a potential breakout above $10.
  • Risk Management: Watch for volume on the next leg up. If the volume stays strong, the uptrend could sustain. If momentum weakens further, there’s a risk of a pullback towards support levels near $8.00-$8.50.

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