SOFI: Compression Near Decision Point

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SOFI: Compression Near Decision PointSoFi Technologies IncBATS:SOFIBenAurifexSOFI beginning to show signs of late-stage correction compression after a prolonged momentum unwind. The descending channel structure highlights controlled selling rather than panic distribution, with volatility tightening as price starts leaning against the upper trendline. Recent candles suggest downside momentum may be fading while Relative Strength vs SPY has stopped deteriorating aggressively. The key area now is the upper channel boundary. A decisive breakout with expanding volume could mark the first meaningful shift in trend structure after months of lower highs and sustained pressure beneath the moving averages. Watching for: • breakout above descending channel resistance • reclaim of the red 21EMA • green 10EMA crossing back above the 21EMA • improving RS vs SPY • stronger expansion candles with volume confirmation Interesting setup developing here as compression tightens near a potential decision point.