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Trader Eugene: Re-entering Long on SOL, with support at $200
BlockBeats News, September 8th, trader Eugene Ng Ah Sio stated on his personal channel, "Since my last post, I have been away from the screen most of the time. I originally expected the market to either oscillate from the high of the range or fall."
However, over the past two weeks, I was pleasantly surprised to see a naturally formed local bottom: BTC is still holding steady at $110,000, and SOL has also formed a higher low, with support at $200.
Setting aside previous biases, the chart seems to suggest that the likelihood of an upward movement is greater than a downward one, but I still remain skeptical about whether we can break through to a new high.
Considering SOL is still a major currency and has the strongest momentum, I am once again risking capital."
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