DAILY SIGNAL — SOL/USDT
Date: 05 Oct 2026 Timeframe: 1m Intraday Bias: Bearish breakdown → relief bounce → potential downside continuation
📊 Market Bias
SOL rejected the upper descending trendline and subsequently broke below the major 119.82 structure zone.
Price dropped sharply toward 119.25, then produced a short-term rebound toward the 119.55–119.82 area.
The current bounce remains below the broken structure, keeping the short-term bias bearish unless SOL reclaims the resistance zone.
🔹 Key Levels From Chart
Current Price: 119.62
Resistance / Reclaim Zone: 119.55 – 119.82
Major Resistance: 120.14
Key Downside: 119.25
🎯 Fibonacci Levels
TP1 → 119.25 (1.0 Fib) TP2 → 118.96 (1.5 Fib) TP3 → 118.66 (2.0 Fib) TP4 → 118.37 (2.5 Fib) TP5 → 118.07 (3.0 Fib) TP6 → 117.78 (3.5 Fib)
📈 Technical Breakdown
SOL was rejected from the descending blue trendline before accelerating lower.
The breakdown pushed price beneath the 119.82 purple structure zone and toward 119.25.
Price is now attempting a recovery, but the rebound is still below the broken resistance.
MACD shows a strong downside impulse followed by a recovery from the low.
RSI has recovered from deeply weak conditions and is now around the neutral area, suggesting the bounce may be a reaction rather than a confirmed reversal.
If price rejects 119.55–119.82, downside continuation toward 119.25 → 118.96 → 118.66 becomes the key structure to watch.
A sustained reclaim above 119.82, especially above 120.14, would weaken the bearish continuation setup.
🧠 Quick Insight
“A sharp bounce after a breakdown is not automatically a reversal. Watch whether broken support becomes resistance.”
⚠️ Disclaimer
This is personal market analysis, not financial advice. This chart framework is for educational purposes only.
Always DYOR / DYODD, manage risk properly, and avoid emotional trading.
— @nayrbryanGaming #SOL #SOLUSDT #Crypto #Trading #TechnicalAnalysis #PriceAction #Fibonacci #Binance #DYOR #NFA #NoFOMO
Date: 05 Oct 2026 Timeframe: 1m Intraday Bias: Bearish breakdown → relief bounce → potential downside continuation
📊 Market Bias
SOL rejected the upper descending trendline and subsequently broke below the major 119.82 structure zone.
Price dropped sharply toward 119.25, then produced a short-term rebound toward the 119.55–119.82 area.
The current bounce remains below the broken structure, keeping the short-term bias bearish unless SOL reclaims the resistance zone.
🔹 Key Levels From Chart
Current Price: 119.62
Resistance / Reclaim Zone: 119.55 – 119.82
Major Resistance: 120.14
Key Downside: 119.25
🎯 Fibonacci Levels
TP1 → 119.25 (1.0 Fib) TP2 → 118.96 (1.5 Fib) TP3 → 118.66 (2.0 Fib) TP4 → 118.37 (2.5 Fib) TP5 → 118.07 (3.0 Fib) TP6 → 117.78 (3.5 Fib)
📈 Technical Breakdown
SOL was rejected from the descending blue trendline before accelerating lower.
The breakdown pushed price beneath the 119.82 purple structure zone and toward 119.25.
Price is now attempting a recovery, but the rebound is still below the broken resistance.
MACD shows a strong downside impulse followed by a recovery from the low.
RSI has recovered from deeply weak conditions and is now around the neutral area, suggesting the bounce may be a reaction rather than a confirmed reversal.
If price rejects 119.55–119.82, downside continuation toward 119.25 → 118.96 → 118.66 becomes the key structure to watch.
A sustained reclaim above 119.82, especially above 120.14, would weaken the bearish continuation setup.
🧠 Quick Insight
“A sharp bounce after a breakdown is not automatically a reversal. Watch whether broken support becomes resistance.”
⚠️ Disclaimer
This is personal market analysis, not financial advice. This chart framework is for educational purposes only.
Always DYOR / DYODD, manage risk properly, and avoid emotional trading.
— @nayrbryanGaming #SOL #SOLUSDT #Crypto #Trading #TechnicalAnalysis #PriceAction #Fibonacci #Binance #DYOR #NFA #NoFOMO
