SOL: Situation analysis for Sept 1

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SOL: Situation analysis for Sept 1SOLUSDT Perpetual ContractBYBIT:SOLUSDT.PWall_Street_LevelsSOLUSDT.P Solana approached the intermediate monthly resistance πŸ“ŠM-Levels and has been trading inside the formed weekly range πŸ“ŠW-Levels $99–$108 for almost a week now. Right now the coin is at a fork: a breakout of the weekly range in either direction will dictate the next move. Scenario 1. Breakout up and a close above the weekly zone resistance at $107 opens the path to the next monthly resistance πŸ“ŠM-Levels $117–$123. Scenario 2. Breakout down and a close below the weekly zone support at $100. In that case, we can look at buying from the nearest monthly support M-Levels $90–$94. 🧩IMA data shows that πŸ‹large players are still holding their longs. This bumps up the odds that the main scenario is a breakout up, with the monthly resistance as the primary target, where we can look at entering a short if the market mood shifts. ⚠️ If the idea was useful β€” glad to have your support πŸš€. 🧩IMA β€” Integrated Market Analysis πŸ“ŠM-Levels β€” institutional interest levels. ️ Closed algorithms don't show on the chart. Only key levels are displayed.