Eugene: Exited SOL positions with stop-loss due to weakening BTC trend, will stay on the sidelines for now
According to Odaily, trader Eugene stated in a post that, as Bitcoin failed to maintain its strong momentum, he has stopped out of his previous long position on SOL and will temporarily leave the market for a period of time.
Previously, Eugene mentioned that among mainstream assets, SOL showed stronger relative strength compared to ETH and HYPE, and he believed it was most likely to be the first to break out of the three-month consolidation range. At that time, he pointed out that if SOL effectively broke above $96, the next key resistance would be around $120, corresponding to an upside of approximately 25%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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