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Eugene: The trading plan remains unchanged, firmly holding and waiting for SOL to rise.
On January 12th, trader Eugene Ng Ah Sio posted on his personal channel stating, “Trading plan remains unchanged, firmly holding and waiting for SOL to rise.” Eugene previously mentioned on the 8th, “Re-adding to SOL. During this rebound, I have been looking for a noteworthy target to participate in, and currently, SOL has shown the strongest relative strength among the three main cryptocurrencies. From a technical analysis perspective, SOL also offers one of the cleanest trading patterns, with the potential for a swing rally to $160 or even $200, provided this market trend continues and Bitcoin has a chance to reach $100,000 in the future. I believe SOL is sufficiently ‘contrarian’—it’s often hard for market participants to find strong reasons to go long at the moment, and this is usually the best entry point. When all reasons are laid out on the table, the market has often already completed 50% of its move. Right now, I just hope Bitcoin can hold at $90,000. This pullback is just the first shakeout before a new rally, followed by another upward move.”