#MyWeekendTradingPlan $SOL Based SOL/USDT chart, I can perform a technical analysis using the concepts outlined: Impulse, Fibonacci Retracement, OTE Zone, Confluence, and Lower-Timeframe Confirmation.
Step 1: Identify Displacement (Impulse)
From the Chart, I can identify a clear downward impulse:
· High (start of impulse): ~111.05 USDT
· Low (end of impulse): ~95.19 USDT
This is a sharp decline that qualifies as a displacement move.
Step 2: Draw Fibonacci Retracement (0% → 100%)
Using the impulse high and low:
· 0%: 111.05 (start of impulse)
· 100%: 95.19 (end of impulse)
Key Fibonacci l