SOFI
We all knew it has to consolidate somewhere. My preference is above $9.70 consolidation.
If you look at volume profile ,you can see we put in a huge base $8 and below.
Current price area has low volume resistance meaning the price is easier to move either direction.
Why did we stop at $10.23?
Look at volume profile bar, its higher than the previous bar that the price punched through. Once the price gets above $10.23, it could launch to $12 - $14 area.ππ₯π
If you look at volume profile ,you can see we put in a huge base $8 and below.
Current price area has low volume resistance meaning the price is easier to move either direction.
Why did we stop at $10.23?
Look at volume profile bar, its higher than the previous bar that the price punched through. Once the price gets above $10.23, it could launch to $12 - $14 area.ππ₯π