SOLUSDT Descending Channel – Key Levels & Breakout Watch

🛠 Technical Overview
🔸 Asset: Solana (SOL) / USDT Perpetual Futures
🔸 Exchange: MEXC
🔸 Timeframe: 4-Hour Chart
🔸 Pattern: Descending Channel

📊 Analysis & Market Observations
Solana (SOL) is currently trading within a clear descending channel, facing strong resistance near $135 - $140 (Mini ChoCH) and $150 - $160 (Major ChoCH).

🚀 Bullish Outlook
If SOL breaks above $135 (Mini ChoCH), we might see a short-term reversal.
A breakout above the $150 - $160 Major ChoCH level would indicate a confirmed trend shift.
Potential bullish targets: $180 - $200 after breakout confirmation.
📉 Bearish Outlook
SOL remains in a downtrend as long as it stays within the channel.
If price fails to hold the $125 - $130 support zone, it could test $100 - $110 (lower channel support).
A breakdown from the channel could push SOL into a deeper retracement toward $80 - $90.
🎯 Trading Strategy
📌 Breakout Confirmation: Look for 4H candle close above $140 - $150 for a trend reversal.
📌 Retest Entry: If price breaks and retests key levels, it could present a strong long opportunity.
📌 Channel Support Longs: If SOL drops to $100 - $110, watch for bullish signals to enter long positions.

📊 Key Levels to Watch
🔹 Resistance: $135 (Mini ChoCH), $150 - $160 (Major ChoCH)
🔹 Support: $125 - $130 (demand zone), $100 - $110 (lower channel)

🚀 Potential Breakout Incoming! Stay prepared for the next move. 🚀