LIGHT ANALYSIS / CHART SETUP — SOL/USDT
📈 Structure Overview
Market phase: Downtrend → Rebound → Resistance Rejection
Channel structure: Descending channel
Key resistance zone: 118.40 – 118.65
Secondary resistance: 118.15
Downside confirmation: Below 117.90
Invalidation: 118.65
📌 What I’m Watching
Scenario A — Bearish Continuation
If SOL remains below the 118.40–118.65 resistance zone and continues below 117.90, price may rotate toward:
117.64 → 117.39 → 117.14 → 116.88 → 116.63
These levels correspond with the Fibonacci extensions marked on the chart.
Scenario B — Resistance Reclaim
If SOL reclaims 118.40 and establishes acceptance above 118.65, the immediate bearish structure weakens.
A sustained reclaim would require reassessing the descending-channel setup.
📊 Indicator Check
MACD: Below zero → bearish momentum
RSI: 41.33 → weak momentum
Price Structure: Descending channel + resistance rejection
Key Confirmation: 117.90 breakdown / 118.65 reclaim
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