What we’ve seen so far:
A three-wave bounce (A)
A three-wave pullback (B)
A very small reaction from support
That’s not enough to confirm a trend reversal.
The next potential move could form a C-wave upward, but this depends entirely on structure and breakout levels.
📈 Key Bullish Confirmation Levels
To gain early confidence that a local low is in place, we need:
Break above the yellow trend line
A move toward $89–$90
Further continuation toward $96 (April low resistance)
$96 is especially important as it’s a prior key level where resistance may reappear.
⚠️ Bearish Risk Levels
Now for the downside risk.
If $SOL loses $72, which is the 78.6% retracement of the last rally, the probability increases that:
A new lower low will form
Price could drop toward $62 region
Below $72, the bullish case weakens significantly.
SOLUSDT
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