⚠️ $SOL Breaking the ascending trend line, and retesting it from below may open the way for a corrective decline wave toward support.
📍 Monitoring zone: 116.00 – 118.00
🎯 Targets:
• 114.46
• 112.81
• 111.31
❌ Invalidate the scenario: a 4-hour candle close above 119.50 and holding above the trend line.
💡 Technical rationale:
• A clear break of the main ascending trend line, weakening the short-term bullish structure.
• The expected rebound toward 116.00 – 118.00 represents a retest of the break zone before the decline potentially continues.
• Continued selling pressure may push the price toward liquidity and fill the lower FVG zones, reaching support at 105.00 – 107.00.
📍 Monitoring zone: 116.00 – 118.00
🎯 Targets:
• 114.46
• 112.81
• 111.31
❌ Invalidate the scenario: a 4-hour candle close above 119.50 and holding above the trend line.
💡 Technical rationale:
• A clear break of the main ascending trend line, weakening the short-term bullish structure.
• The expected rebound toward 116.00 – 118.00 represents a retest of the break zone before the decline potentially continues.
• Continued selling pressure may push the price toward liquidity and fill the lower FVG zones, reaching support at 105.00 – 107.00.
