This video provides critical technical analysis for Solana traders facing potential downside risks. The analyst identifies key support levels at $172 (October 10th low), with deeper support zones at $150-$160 and $117-$138 if the breakdown continues. The analysis reveals a concerning three-wave structure rather than the bullish five-wave pattern needed for upside confirmation, indicating weakened momentum since October 10th. Traders should watch the $178 micro support level closely - a break below triggers potential ABC correction to $117. The video offers specific entry/exit levels and explains why current price action lacks bullish confirmation, making it essential viewing for position management.