Previously posted a setup 4 months ago, and anyone that had joined had multiple opportunities to trim and take profits. I think SoFi is near its next bottom. Sofi has been pretty range bound. Its TBV provides a certain valuation floor where it appears institutions are willing to step in to buy under $15.
It's recently been in a downtrend again with an increase in 30m in shares shorted in the past 1 - 1.5months. Think they're likely to cover fairly soon, possibly after another push to test the floor or under buying volume.
One to eye for entries with an appropriate risk management direct shares over calls or potentially ITM leaps if pushed below $15 and don't recommend more than 20% margin on entries in case of continued weakness.
Earnings end of the month, TBV should rise to \~$7.41 based on their guidance (historically accurate/reliable) placing 2x TBV at $14.82 which is likely to be another spot to find institutional support given the companies growth rate. Not fully showing the confirmation on MACD momentum currently but given the years baseline and the fundamentals of the business I think this is one to move up on your watchlist.
Potential failure for a breakdown: Macro and overall market liquidity/movement.
Personally would base my stop loss on a confirmed breakdown below $14.75 and size with that in mind.
https://preview.redd.it/yu08evm9wath1.png?width=524&format=png&auto=webp&s=dbf18482df76d304e7acd89b83be54aadf9d422e