Hello everyone 👋
SOL has been trading inside an upward channel for weeks, showing multiple Break of Structure (BOS) points along the way. Recently, price failed to sustain momentum above the resistance area around 230–240 and has now broken below the channel support line, signaling a potential trend shift.
📉 The breakout confirmation below 220 suggests that sellers are gaining control. The previous support area has now turned into a resistance zone, making it harder for buyers to push price back up. Unless price quickly reclaims the channel, the bias remains bearish.
👉 Key levels to watch:
Immediate resistance: 220–225 (retest area).
Next downside targets: 200 psychological support, followed by 185–190 if selling pressure continues.
Traders should remain cautious: a failed retest could trigger further downside momentum, while a strong reclaim above 230 would invalidate the bearish setup.
This structure highlights how channel trading and breakout confirmation can provide clear trade setups in volatile markets like SOL/USDT.
SOL has been trading inside an upward channel for weeks, showing multiple Break of Structure (BOS) points along the way. Recently, price failed to sustain momentum above the resistance area around 230–240 and has now broken below the channel support line, signaling a potential trend shift.
📉 The breakout confirmation below 220 suggests that sellers are gaining control. The previous support area has now turned into a resistance zone, making it harder for buyers to push price back up. Unless price quickly reclaims the channel, the bias remains bearish.
👉 Key levels to watch:
Immediate resistance: 220–225 (retest area).
Next downside targets: 200 psychological support, followed by 185–190 if selling pressure continues.
Traders should remain cautious: a failed retest could trigger further downside momentum, while a strong reclaim above 230 would invalidate the bearish setup.
This structure highlights how channel trading and breakout confirmation can provide clear trade setups in volatile markets like SOL/USDT.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.