LIGHT ANALYSIS / CHART SETUP — SOL/USDT
📈 Structure Overview
Market phase: Descending channel → Recovery → Resistance test
Resistance zone: 104.79–105.00
Immediate support: 104.61–104.43
Secondary support: 104.26–104.08
Lower Fibonacci levels: 103.90–103.55
Structural confirmation: Break above resistance and the descending trendline
📌 What I'm Watching
Scenario A — Bullish Recovery
If SOL breaks and holds above 105.00, with confirmation above the descending trendline, the current bearish structure may weaken.
Watch for a successful retest before considering whether further upside is developing. The chart does not establish a confirmed bullish breakout yet.
Scenario B — Bearish Continuation
If price is rejected from 104.79–105.00 and breaks below 104.43, potential downside reference levels are:
104.26 → 104.08 → 103.90 → 103.73 → 103.55
Watch how price reacts at each level rather than assuming it will reach every target.
📊 Indicator Check
MACD: Short-term momentum cooling
RSI: 58.36, above neutral but not proof of continuation
Price structure: Recovery remains below overhead resistance
Confirmation: Resistance breakout for bullish strength; support breakdown for bearish continuation
Note: This is a chart framework for educational purposes, not a trade recommendation.
— @nayrbryanGaming
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