Right now, $SOL is trading around 86.9, and the chart clearly shows a strong rejection from the 93–94 zone, followed by a sharp sell-off. The price has dropped below all key moving averages on the 4H timeframe, which tells us that the short-term trend is currently bearish. What you’re seeing at the moment is a small bounce from the 85 support area, but it hasn’t yet confirmed a true reversal—it's more of a temporary reaction after heavy selling.
If you’re looking for a long trade, the safer and more patient approach is to wait for confirmation that buyers are stepping back in. A good signal would be if price manages to reclaim the 88.5–89.5 zone, where the moving averages are sitting. A strong candle close above that area would indicate that momentum is shifting back upward. In that case, you could consider entering a long position targeting 91 first, and then possibly 93–94 if the move gains strength. For risk management, placing a stop loss below 85 would help protect against further downside.
There is also a more aggressive option if you prefer catching the move early. Since price has already reacted from around 85, you could consider entering near the current level, anticipating a bounce. However, this carries more risk because the overall structure is still bearish and selling pressure is not fully exhausted. If you take this route, keeping a tight stop loss below 84.5 is important, while aiming for a short-term move back toward 88–90.
Overall, this is not yet a clean bullish setup—it’s more of a potential bounce inside a downtrend. The key is to stay disciplined, wait for confirmation if you want higher probability, and avoid overexposing yourself while the market is still uncertain.