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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