LIGHT ANALYSIS / CHART SETUP โ€” SOL/USDT
๐Ÿ“ˆ Structure Overview

Market phase:
Descending channel โ†’ resistance rejection โ†’ downside test

Channel structure:
Descending channel

Key resistance zone:
117.75 โ€“ 117.76

Upper Fibonacci reference:
118.08

Immediate downside Fibonacci level:
117.18

๐Ÿ“Œ What Iโ€™m Watching
Scenario A โ€” Reclaim
If SOL reclaims and holds above 117.75, the price can retest the upper structure area around:

117.76 โ†’ 118.08

Scenario B โ€” Continued Weakness
If SOL remains below 117.75 and loses 117.18, the Fibonacci levels below become the next chart references:

116.88 โ†’ 116.58 โ†’ 116.28 โ†’ 115.98 โ†’ 115.69

๐Ÿ“Š Indicator Check
MACD:
Below zero โ†’ short-term momentum weakened

RSI:
41.80 โ†’ below neutral 50, but not oversold

Price Structure:
Descending channel + rejection from purple zone

Key Levels:
117.75 reclaim / 117.18 downside reference

Note: This is a chart framework, not a trade recommendation.

Use it to support your own DYOR-based execution plan.

โ€” @nayrbryanGaming

#SOLAnalysis #ChartSetup #PriceAction #Fibonacci #CryptoTrading #DYOR #NFA