SOL/USDT 4H Chart Review

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SOL/USDT 4H Chart ReviewSOL / TetherUSBINANCE:SOLUSDTcryptodailyukπŸ” Market Structure You have an ascending channel (purple lines) β†’ the market is technically still in an uptrend. Current price: πŸ‘‰ approaching the lower boundary of the channel πŸ‘‰ and sitting at local support ~86.5 This is a decision zone. πŸ“Š Levels you have well-marked 🟒 Resistance: 90.21 93.12 98.87 (upper band + HTF resistance) πŸ”΄ Support: 86.5 (key now) 82.82 (lower – next downside target) 75.18 (hard support / capitulation) πŸ“‰ Momentum (RSI + MACD) RSI: Declining, lacking strength Not oversold yet β†’ room for further decline MACD: Bearish cross Red histogram β†’ downside momentum is increasing πŸ‘‰ Conclusion: Short-term bearish 🧠 Scenarios πŸŸ₯ SCENARIO 1 – breakout to the bottom (more likely now) If: 86.5 breaks and closes below πŸ‘‰ Target: 82.8 then possibly the lower band of the channel 🟩 SCENARIO 2 – bounce (long) If: 86.5 defends a reaction occurs (pin bar / engulf / volume) πŸ‘‰ Target: 90.2 then 93.1 BUT: πŸ‘‰ There must be a clear signal – there isn't one yet ⚠️ What I DON'T like (important) Lower highs on recent swing highs Weakening bounces Price "slips" down the channel πŸ‘‰ This often ends with a breakout to the bottom