SOLUSDT 8H — Rangebreaker CHoCH, Watching the Retest
SOL's correction off the 110 high did more than pull back into support, it swept it. C dropped to 96, undercutting the A low at 97.38, then reclaimed back above the range within the same sequence. That's a rangebreaker CHoCH, and it printed with the larger trend, this whole ABC is corrective inside the bigger move up from the ~80 low in August, not a standalone bearish structure.
Gate one, structure, still needs the descending trendline from the 110 high broken to fully confirm reversal, that line sits near 102 and hasn't been touched yet. But the character of the correction just shifted. A sweep below range lows followed by a reclaim is exhaustion behavior, not continuation behavior, sellers pushed through the obvious level and couldn't hold it.
Gate two, the zone, is the reclaimed range itself, 96-98. This is now the level that needs to hold, not the level being tested for the first time.
Gate three, the trigger, already printed on this timeframe, the reclaim above 97.38 after the C sweep is the CHoCH. But the entry isn't this candle. The way this pattern pays is on the retest, once the larger timeframe has shown the tell, weight goes on where a smaller timeframe comes back down to test the reclaimed range and holds it. That's the trade, not the reclaim itself.
What makes the R:R on this kind of setup worth taking seriously is the stop sits tight against the range low that just got swept and reclaimed, while the room above runs back to the B high at 107 and the range top near 110. What invalidates it is a retest that fails, price closing back below 96, which would mean the sweep wasn't exhaustion, it was just the range breaking for real.
The sweep already did the hard part of showing who was left to sell. The retest just confirms nobody meaningful was.
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Deadline•Ted Johnson17 Sept
