Sol/Usdt - Breakout Or BreakdownResistance Zone
A green shaded area labeled "Resistance" indicates a key price level where price has previously failed to break higher.
This is a supply zone where sellers have stepped in multiple times.
Price has tested this resistance area several times but failed to break out convincingly.
2. CHoCH (Change of Character)
"CHoCH" is marked below the resistance, signaling a trend shift from bullish to bearish.
Typically, a CHoCH occurs when price breaks a recent higher low—indicating weakening bullish momentum and potential start of bearish move.
3. Decision Point
Labeled in blue as “Decision Point”.
This is a critical area where price may:
Break above and confirm a bullish continuation.
Reject and fall, confirming bearish pressure.
This zone could be used to plan entries based on confirmation (e.g., breakout or rejection).
4. Target Scenarios
Two possible scenarios drawn with arrows:
Bullish scenario: If price breaks above the decision point/resistance, the next target lies in the upper 230s or beyond.
Bearish scenario: If price rejects from this zone, it could lead to a bearish continuation, targeting lower support levels.
5. Volume
Volume bars at the bottom show varying levels of interest.
Increasing red volume toward the CHoCH indicates strong selling pressure.
Conclusion / Trading Plan
Watch the Decision Point zone closely.
Bullish bias: On a breakout with strong volume and bullish candle close above resistance.
Bearish bias: On rejection from the resistance zone with a lower high and a strong bearish candle.
Use tight risk management due to the proximity of volatility around the decision point.
