The Defiance Daily Target 2x Long SOFI ETF (SOFX) traded as low as $8.82 on Wednesday and entered oversold territory according to the Relative Strength Index (RSI). This is a short-term technical/momentum signal for traders in a 2x leveraged SOFI product and likely reflects positioning rather than any fundamental change in SoFi; market impact is expected to be limited.
The Defiance Daily Target 2x Long SOFI ETF (SOFX) traded as low as $8.82 on Wednesday and entered oversold territory according to the Relative Strength Index (RSI). This is a short-term technical/momentum signal for traders in a 2x leveraged SOFI product and likely reflects positioning rather than any fundamental change in SoFi; market impact is expected to be limited.
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