SOLUSDT The current structure suggests we are approaching a key decision point. Price has completed an a-b-b correction and is now reacting within the 61.8%-88.7% Fibonacci retracement zone, which could trigger a relief bounce before further decline.
📉 **Bearish Outlook:**
- The recent structure confirms a completed a-b-c move, leading to a potential Wave (B) retracement.
- The final bearish target lies in the "End of Bear" zone (~109 USD), where a final capitulation may occur.
- If we break far below **109 USD**, expect an accelerated sell-off.
📈 **Bullish Scenario?**
- The 78.6%-88.7% Fibonacci retracement zone could push SOL towards a short-term bounce before resuming the bearish trend.
- A valid long trade is possible if this support holds.
⚠️ Key Levels to Watch:
✅ Bullish Rejection Zone: 78.6% - 88.7% Fibo
❌ Break Below 105 USD = Full Bearish Confirmation
---
### 📌 **Trading Plan:**
1️⃣ Potential Short-Term Long if 78.6% - 88.7% Fibo holds.
2️⃣ Target: Resistance before wave (C) completes.
3️⃣ Short Confirmation** after rejection OR break below 105 USD.
‼️ Risk Management:
- If price fails to hold, a deeper correction is expected.
- Trade with proper stop-loss & confirmations!
💬 What do you think? Will we see a short-term bounce before the bear takes over?
Trade active
Buy is active. SL under the yellow line. Tp the blue fib level.Note
we need to see a clear break of the acutal sup/res box which the market build up for the last 3 days. Trade closed: target reached
Closed Early because I see another set up more likely.20$ per solana profit. 
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.