Eugene: Long on Ethereum with a Small Position, Seeking a Short-term Opportunity in the $4400-4600 Range

BlockBeats News, August 20th, trader Eugene Ng Ah Sio posted on his personal channel: "I have opened a small long position at this level in Ethereum—after taking profit at $4700, I am range trading. Currently, I am mainly looking for short-term opportunities in the $4400-$4600 range, and then will assess whether to continue looking for higher positions."

It is important to note that my risk exposure in these trades is now significantly smaller than before because the risk/reward ratio (r/r) of these trades is lower (though still positive)."