SOL/USDT – Breakout Below Channel Support, Bearish Outlook Ahead
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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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.