Eugene: The trading plan remains unchanged, HODL strong for upward movement
BlockBeats News, January 12th, trader Eugene Ng Ah Sio posted in his personal channel, stating, "The trading plan remains unchanged, firmly holding to wait for an upward move."
Previously, on the 8th, Eugene said, "Re-entering SOL. In this rebound, I have been looking for an asset worth focusing on, and so far, SOL has shown the strongest relative strength among the top three mainstream coins. From a technical analysis perspective, SOL also presents one of the cleanest trading setups, with the potential to reach $160 or even $200 in a swing upward, provided that this trend continues and there is a chance for Bitcoin to move towards $100,000 in the future.
I believe SOL has enough "counter-consensus"—it's hard for people in the market to find sufficient reasons to go long at the moment, which usually marks the best entry point. When all the reasons are on the table, the market has often already moved 50%. Now I just hope that Bitcoin can hold $90,000; this retracement is just the first shakeout before the rise, and then we can start a new uptrend."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Disciplined capital expenditure attracts market favor as Apple (AAPL.US) surpasses Nvidia (NVDA.US) to reclaim the top spot in global market capitalization
As concerns about Wall Street's massive returns on tech giants' artificial intelligence investments continue to intensify, Apple surpassed Nvidia on Friday to once again become the world's most valuable publicly traded company.
AI burning cash sparks credit risk concerns! S&P downgrades Meta (META.US) rating outlook to "negative," questioning its ability to monetize massive investments
S&P Global Ratings has revised Meta's credit rating outlook from “stable” to “negative,” citing the company's continued expansion of artificial intelligence (AI) capital expenditures, which has turned free cash flow negative. There remains uncertainty over whether these significant AI investments will generate sufficient returns in the coming years.
Prospect Ridge Raises $1.84 Million in Private Placement
Crypto prices
More
