LIGHT ANALYSIS / CHART SETUP โ€” SOL/USDT
๐Ÿ“ˆ Structure Overview
Market phase: Selloff โ†’ Rebound โ†’ Resistance test
Structure: Descending channel / trendline
Key zone: 117.95 โ€“ 118.20
Upper resistance: 118.40
Downside trigger: 117.77
Major downside levels: 117.45 โ†’ 117.14 โ†’ 116.82 โ†’ 116.51 โ†’ 116.20 โ†’ 115.88
๐Ÿ“Œ What Iโ€™m Watching
Scenario A โ€” Bearish Continuation
If SOL rejects the 117.95โ€“118.20 zone and loses 117.77, price may rotate toward:
117.45 โ†’ 117.14 โ†’ 116.82 โ†’ 116.51 โ†’ 116.20 โ†’ 115.88
Scenario B โ€” Structure Reclaim
If SOL reclaims 118.20 and then clears 118.40, the immediate bearish structure weakens.
The descending trendline would then become the next important structure to monitor.
๐Ÿ“Š Indicator Check
MACD: Recovering but still below zero
RSI: 46.93 โ†’ neutral-to-weak momentum
Price Structure: Descending trendline + resistance test
Key Confirmation: 117.77 breakdown / 118.40 reclaim
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 #SmartMoney #Fibonacci #CryptoTrading #DYOR #NFA