SCALP

3H SCALP

While I advocate for a long term position for SOFI I believe in the short term it is probable for price action to see 9.62 again during this current market rally looking forward within the next few days max. The current high as of 10-14-K24 is 10.07 it's earning season so plenty of volatility is there to capture.

TIME FRAME OF EXECUTION
- 3HR

SOURCE OF EDGE
- Confluence with BBWP and Prop I

RISK MANAGEMENT PARAMETER
- Closure of above 10.22

POSITION ENTRY
- TRIPLEX

POSITION EXIT
- 50% AT 9.62
- 50% UPON INDICATOR REVERSAL

CAUTION
- CURRENT RALLY BREAK OUT OR RM TRIGGER

Technical IndicatorsTrend Analysis

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