LIGHT ANALYSIS / CHART SETUP — SOL/USDT
📈 Structure Overview
Market phase:
Descending channel → resistance rejection → downside test
Channel structure:
Descending channel
Key resistance zone:
117.75 – 117.76
Upper Fibonacci reference:
118.08
Immediate downside Fibonacci level:
117.18
📌 What I’m Watching
Scenario A — Reclaim
If SOL reclaims and holds above 117.75, the price can retest the upper structure area around:
117.76 → 118.08
Scenario B — Continued Weakness
If SOL remains below 117.75 and loses 117.18, the Fibonacci levels below become the next chart references:
116.88 → 116.58 → 116.28 → 115.98 → 115.69
📊 Indicator Check
MACD:
Below zero → short-term momentum weakened
RSI:
41.80 → below neutral 50, but not oversold
Price Structure:
Descending channel + rejection from purple zone
Key Levels:
117.75 reclaim / 117.18 downside reference
Note: This is a chart framework, not a trade recommendation.
Use it to support your own DYOR-based execution plan.
— @nayrbryanGaming
#SOLAnalysis #ChartSetup #PriceAction #Fibonacci #CryptoTrading #DYOR #NFA
📈 Structure Overview
Market phase:
Descending channel → resistance rejection → downside test
Channel structure:
Descending channel
Key resistance zone:
117.75 – 117.76
Upper Fibonacci reference:
118.08
Immediate downside Fibonacci level:
117.18
📌 What I’m Watching
Scenario A — Reclaim
If SOL reclaims and holds above 117.75, the price can retest the upper structure area around:
117.76 → 118.08
Scenario B — Continued Weakness
If SOL remains below 117.75 and loses 117.18, the Fibonacci levels below become the next chart references:
116.88 → 116.58 → 116.28 → 115.98 → 115.69
📊 Indicator Check
MACD:
Below zero → short-term momentum weakened
RSI:
41.80 → below neutral 50, but not oversold
Price Structure:
Descending channel + rejection from purple zone
Key Levels:
117.75 reclaim / 117.18 downside reference
Note: This is a chart framework, not a trade recommendation.
Use it to support your own DYOR-based execution plan.
— @nayrbryanGaming
#SOLAnalysis #ChartSetup #PriceAction #Fibonacci #CryptoTrading #DYOR #NFA
