Eugene: Trading plan remains unchanged, firmly holding and waiting for an upward move

BlockBeats News, January 12, trader Eugene Ng Ah Sio stated in his personal channel, "The trading plan remains unchanged, firmly holding and waiting for an upward move."

Previously, on the 8th, Eugene said, "Re-entered SOL positions. In this round of rebound, I have been looking for a key asset to focus on, and at present, SOL has shown the strongest relative strength among the three major mainstream coins. From a technical analysis perspective, SOL also offers one of the cleanest trading patterns, with the potential for a swing up to $160 or even $200, provided this rally continues and bitcoin has a chance to reach $100,000 in the future."

He believes SOL is sufficiently "contrarian"—it is difficult for people in the market to find enough reasons to go long at the moment, which is usually the best time to enter. By the time all the reasons are laid out, the market has often already moved 50%. Now, I just hope bitcoin can hold at $90,000, and that this pullback is only the first shakeout before the next upward move begins.