Eugene: The trading plan remains unchanged, holding SOL firmly awaiting an upward move

BlockBeats News, January 12th, trader Eugene Ng Ah Sio posted on his personal channel stating, "The trading plan remains unchanged, resolutely holding SOL and waiting for an upward move."

Eugene had previously stated on the 8th, "Rebuilding a position in SOL. During this rebound, I have been looking for an asset worth actively participating in. Currently, SOL has shown the strongest relative strength among the top three mainstream coins. From a technical analysis perspective, SOL also provides one of the cleanest trading setups, with the potential to make a swing upwards to $160 or even $200. This is on the condition that this trend continues, and there is a chance for Bitcoin to reach $100,000 in the future.

I believe SOL has enough "counter-consensus"—it is difficult for most people in the market to find sufficient reasons to go long, which often marks the best entry point. By the time all reasons are evident, the market has often already completed 50% of the move. Now, I just hope that Bitcoin at $90,000 can hold, and this retracement is just the first shakeout before the rise, followed by a new uptrend."