LIGHT ANALYSIS / CHART SETUP — SOL/USDT
📈 STRUCTURE OVERVIEW
Market phase:
Ascending triangle → Breakout attempt → Momentum expansion
Current price: 104.85
Descending resistance (broken): ~104.95–105.00
Major resistance: 105.27 – 105.59
Support zone: 104.30 – 104.60
Lower invalidation reference: 104.31 / 103.99
📌 WHAT I’M WATCHING
Scenario A — Bullish Continuation
If SOL holds above 104.95 and the purple zone remains intact, price can rotate toward:
105.27 → 105.59 → 105.91 → 106.23
A clean retest of the broken descending trendline as support would strengthen the bullish case.
Scenario B — Rejection / Pullback
If SOL fails to hold 104.95 and slips back into the triangle, the next focus is the purple support zone (104.30–104.60).
A break below 104.31 would reopen the lower Fibonacci reference at 103.99.
📊 INDICATOR CHECK
MACD: Positive and above signal line — bullish momentum active
RSI: 58.72 — constructive, not overbought
Price structure: Break of descending resistance + rising support intact
Bullish confirmation: Hold above 104.95 + volume support
Bearish confirmation: Loss of 104.31 and failed reclaim of the purple zone
Note: This is a chart framework, not a trade recommendation. One-minute candles are highly sensitive to short-term volatility.
— @nayrbryanGaming
#SOLAnalysis #ChartSetup #PriceAction #SmartMoney #Fibonacci #CryptoTrading #DYOR #NFA