SOFI at Reversal Zone! Will Bulls Defend This Level or Below 11?

🔍 Market Structure & Smart Money Concepts (SMC):
* Current Structure: SOFI is in a clean downtrend channel with consecutive CHoCHs and a recent Break of Structure (BOS) to the downside.
* Price has consolidated into a red SMC Reversal Zone, just below the prior CHoCH level, signaling potential short-term relief or further breakdown.
* Bulls have failed to reclaim control post-CHoCH from March 26–27. Lower highs and aggressive sell-offs dominate.

📉 Technical Indicator Summary:
* MACD: Currently flat but slightly converging—no strong bullish momentum yet.
* Stoch RSI: Resetting from oversold, but not giving a decisive bullish reversal yet. Caution warranted for early longs.
* Trendlines: Price is pressing against a lower trendline, and any break below ~$11.70 could accelerate toward the $11.00 level or lower.

🔧 Support & Resistance:
* Resistance:
* $12.34: Structure high and minor supply.
* $13.89: Former CHoCH and Gamma Call Resistance.
* Support:
* $11.70: Current demand/put wall zone.
* $11.00: Second major PUT Wall and psychological round number.
* $10.85: Fib confluence / key GEX support.

💥 Options & GEX Analysis (from GEX [PRO] + Options Oscillator):

* IVR: 56.6 (elevated, signaling potential high options premium)
* IVx Avg: 102.2 — suggests volatility pricing is very high
* Options Sentiment:
* CALLs: 26.1%
* GEX: 🔴🔴🔴 (Bearish Gamma setup)
* Put Walls:
* $12.00: Highest negative NET GEX (key support!)
* $11.00: 2nd Put Wall (danger zone if breached)
* Call Resistance:
* $13.00–$13.89: Gamma Wall, strong selling pressure zone
* Bias: Bearish-to-neutral until bulls reclaim $12.34 or break above descending trendline.

📊 Trade Setups (For Educational Purposes Only):
🔴 Bearish Continuation:
* Entry: Below $11.70
* Target: $11.00 → $10.85
* Stop-loss: Above $12.00
🟢 Bullish Reversal Setup (Speculative):
* Entry: On reclaim of $12.34 with volume
* Target: $13.00 → $13.89
* Stop-loss: Below $11.70

🔮 Outlook Summary:
SOFI is trading inside a tight bearish channel near key GEX support. Unless bulls reclaim $12.34 or show aggressive demand near $11.70, the trend favors bears. Keep an eye on GEX and IVR behavior into April 4 OPEX.

🛑 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk accordingly.