- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Trader Eugene: I have once again gone long on ETH, not advisable to quickly switch to a short position
BlockBeats News, August 2nd, Trader Eugene Ng Ah Sio posted on his personal channel stating that he has once again gone long on ETH. The bullish sentiment in August was prematurely hyped by the market, but $113,000 BTC and $3,500 ETH are still reasonable entry positions, with stop-loss set below $112,000 and $3,400 respectively.
Although the hype around Data Availability Technology (DAT) may gradually fade, there is still substantial structural buying interest in the current market, so it is not advisable to switch to a bearish outlook too quickly. Many have been jumping back and forth between "bull market return" and "total collapse," yet fail to realize that the market does not follow a simple binary path.
You may also like
Gainers
Latest Crypto News
Trader Eugene: The longs have not completely surrendered yet, with overall global risk markets and macro outlook still leaning positive
Aria Unveils Tokenomics: Total Supply of 1 Billion Tokens, with 61% Allocated to Community and Ecosystem
Bitmine and SharpLink's Ethereum Staking Holdings Experience Combined Unrealized Loss of Over $1.9 Billion
Several new meme coins on the BSC chain experience a drop of over 40%, with GIGGLE's market cap falling below $50 million
「1011 Insider Whale」 incurred over $960,000 in unrealized losses on their long positions after re-entering the market
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App