LIGHT ANALYSIS / CHART SETUP — SOL/USDT
📈 Structure Overview
Market phase: Demand recovery → ascending structure → resistance test
Ascending support: Rising blue trendline
Key reaction zone: 116.85–117.10
Key Fibonacci level: 117.41
Immediate resistance: 117.75
Invalidation: 116.72
📌 What I’m Watching
Scenario A — Bullish Continuation
If SOL holds above the reclaimed 117.41 area and breaks through 117.75, price may rotate toward:
118.20 → 118.59 → 118.98 → 119.37 → 119.77
These levels correspond with the Fibonacci extensions marked on the chart.
Scenario B — Failed Structure
If SOL falls back below 117.41, the breakout attempt should be treated cautiously.
A loss of 116.72 would invalidate the current bullish structure shown by the Fibonacci setup and bring the lower structure back into focus.
📊 Indicator Check
MACD: Positive → short-term momentum remains positive
RSI: 60.36 → positive momentum
Price Structure: Ascending trendline + higher lows
Key Confirmation: 117.75 breakout
Key Invalidation: 116.72
Note:
This is a chart framework, not a trade recommendation. Use it to support your own DYOR-based execution plan.
— @nayrbryanGaming #SOLAnalysis #ChartSetup #PriceAction #SmartMoney #Fibonacci #CryptoTrading #DYOR #NFA