Technical analysis by SpartanTrader001 about Symbol SOL: Buy recommendation (8/10/2025)

Context 1: Support: $125.50 Resistance: $185.00 Psychological Levels: $150.00 and $190.00 Context 2: Technical Structure 1: We are in a bearish wedge that has formed the beginning of a bearish channel that has tested support 3 times and tested resistance 4 times. FVG’s: FVG Confluence 1: One bearish 4H FVG located bove price. 3 bullish 4H FVG located below price. Golden Pocket: Sits right below 4H FVG and aligns with the $190.00 Psychological level. Strong confluence. Context 3: Volume Insight: Volume Indicator shows a spike in volume from psych level $150.00 and $155.00. Aligning with the POC and a Rejection Block located right above the 0.65 fibbonacci level. Bullish Scenario: With multiple confluence at the $150.00 psych level, price sweeps the previous low as it bounces off the lower anchored VWAP. This will lead to a completion of a Cup and Handle formation producing enough momentum for a breakout of the Bearish Wedge. Bearish Scenario: Above the $200.00 psych level remains a Rejection Block. Sweeping this area may lead to enough liquidation to push us back within the Bearish Wedge and allow for a breakout towards the POC.