LIGHT ANALYSIS / CHART SETUP — SOL/USDT
📈 Structure Overview
Market phase: Breakdown → bearish continuation attempt
Current price shown: 109.69
Major resistance zone: 110.50–110.80
Immediate support reference: 109.73
Lower extension levels: 109.41 → 109.09 → 108.77 → 108.46 → 108.14
📌 What I'm Watching
Scenario A — Bearish Continuation
If SOL remains below the broken short-term structure and sellers maintain control, price may test:
109.73 → 109.41 → 109.09 → 108.77 → 108.46 → 108.14
Watch for follow-through rather than assuming every red candle will continue lower.
Scenario B — Relief Bounce
If price reclaims the short-term breakdown area, a recovery toward 110.37–110.69 becomes possible.
A sustained reclaim of 110.80 would further weaken the immediate bearish thesis.
🔍 Confirmation Checklist
Price action confirms the breakdown.
Any retest shows a clear rejection.
MACD begins supporting the bearish structure.
RSI stabilizes or recovers before any potential bounce.
Risk is defined before considering an entry.
Educational note: Fibonacci extensions are reference levels, not guaranteed price destinations.
— @nayrbryanGaming
#SOLAnalysis #ChartSetup #PriceAction #CryptoEducation #DYOR #NFA
📈 Structure Overview
Market phase: Breakdown → bearish continuation attempt
Current price shown: 109.69
Major resistance zone: 110.50–110.80
Immediate support reference: 109.73
Lower extension levels: 109.41 → 109.09 → 108.77 → 108.46 → 108.14
📌 What I'm Watching
Scenario A — Bearish Continuation
If SOL remains below the broken short-term structure and sellers maintain control, price may test:
109.73 → 109.41 → 109.09 → 108.77 → 108.46 → 108.14
Watch for follow-through rather than assuming every red candle will continue lower.
Scenario B — Relief Bounce
If price reclaims the short-term breakdown area, a recovery toward 110.37–110.69 becomes possible.
A sustained reclaim of 110.80 would further weaken the immediate bearish thesis.
🔍 Confirmation Checklist
Price action confirms the breakdown.
Any retest shows a clear rejection.
MACD begins supporting the bearish structure.
RSI stabilizes or recovers before any potential bounce.
Risk is defined before considering an entry.
Educational note: Fibonacci extensions are reference levels, not guaranteed price destinations.
— @nayrbryanGaming
#SOLAnalysis #ChartSetup #PriceAction #CryptoEducation #DYOR #NFA