SOLUSDT broke out of a textbook falling wedge two days ago, and is now retesting the former resistance as support.Key Technicals
• Falling channel with clean structure and multiple touches
• Resistance trendline broken
• Price now retesting the breakout zone (~$148)
• Overhead supply zone at $238–$260
• Measured Target: $240, within supply
Why This Setup Matters
• Clear breakout followed by a retest, which can often precede the next leg up if support holds
• Falling channel retracement aligns with 0.618 Fib, a common reversal area
What to Watch
• Daily close above the previous resistance trendline
• Push above the local $160 high for full confirmation
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