(SOL/USDT 1H timeframe...

11 nov

(SOL/USDT 1H timeframe on Binance):

Here’s what I can interpret from the structure shown:

Current Price: Around $164

Support Trendline: Rising from around $158 → $164 (now price has slightly broken or retested this line)

Resistance Zone: Highlighted in red box near $169–$172

Two Target Points are drawn on the chart:


🎯 Target 1:

The first blue arrow (labeled Target Point) points to around $156.
→ This is likely the first downside target after trendline break.


🎯 Target 2:

The second blue arrow (lower one) points to around $146–$147.
→ This is my extended or final bearish target if the price continues falling.



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🔍 Summary:

Level Type Target Zone

Target 1 Short-term $156
Target 2 Major target $146–$147



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⚠ Tip:

If SOL closes below $162 on 1H or 4H candle → high chance to move toward $156.

If it loses $156 support, then $146 becomes realistic.

But if SOL reclaims and closes above $168–$170, the bearish setup fails and bullish continuation toward $174+ can begin.

11 nov

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