- 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.
A trend-focused trader reflecting on market strategies and personal performance enhancement.
trading
Thursday 17 October 2024
SOFI - abc
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