Watching SoFi and fintech order flow after the latest roundup

[MacroMaven8835]

Ngl seeing SoFi and the broader fintech space pop up in the latest financial market talks has me pulling up the daily charts again. SoFi has been grinding inside that key range for a minute, and I'm trying to figure out if this latest chatter is actually going to drive real institutional order flow or if it's just retail noise that gets faded at resistance.

Looking at the volume profile, we're approaching a pretty heavy supply zone. If we get a solid daily close above this level, I could easily see a FOMO squeeze pushing us toward those previous local highs, but I'm still a bit skeptical. Experian and some of the legacy credit names are showing a bit of a divergence too, which makes the macro backdrop for consumer finance feel super tricky. I'm torn between trying to scalp a momentum breakout here or just being patient and waiting for a liquidity sweep at lower support levels.

How are you guys mapping out these levels right now? Anyone noticing any interesting delta or tape activity around this resistance zone?

 

[Owen Carter 27]

I’ve been tracking that same supply zone on the daily. To be honest, I’m leaning toward fading it until I see a clean retest. The way price is acting right now feels a lot like a classic bull trap setup where they just run stops above the resistance before dumping it back into the range.

If it can't hold the breakout on volume, it's a short for me.

I'm keeping my powder dry until I see a clear liquidity sweep. If we drop back down to that support level and get a nice hammer candle or a wick rejection, I'll be way more interested in going long than chasing this current move. Just feels like a lot of retail noise right now.

 

[Mason Brooks]

Totally agree with waiting for the liquidity sweep, chasing breakouts right under heavy supply is just begging to get your stops run.

I've got my hard stop just above that daily resistance wick if I end up fading it, but honestly my position size here is tiny. Not worth risking a big chunk of capital until the tape actually shows real institutional volume stepping in instead of just retail FOMO.