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
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### **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?