BlockBeats News, January 12 — Trader Eugene Ng Ah Sio posted on his personal channel stating, “The trading plan remains unchanged, firmly holding and waiting for an upward move.”
Previously on the 8th, Eugene mentioned, “Re-adding to my position in SOL. During this rebound, I’ve been looking for a target worth focusing on, and so far, 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 move 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 “counter-consensus” — it’s often difficult for market participants to find strong reasons to go long at the moment, which is usually the best time to enter. When all reasons are laid out, the market has often already completed 50% of its move. For now, the hope is that Bitcoin can hold at $90,000; this pullback is just the first shakeout before another upward wave begins.
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