Trader Eugene: I tend to look for short opportunities in Altcoin during bear market rebounds. I will continue to keep trading volume low and set stop losses strictly.

avatar
MarsBit
04-15
This article is machine translated
Show original
Mars Finance News, on April 15, top trader Eugene Ng Ah Sio posted on his personal channel, "The past month has been extremely challenging. Due to a structural shift in the price drivers of the crypto market, moving from being primarily driven by industry internal factors to macro factors, my market intuition and judgment have started to fail. Previously, I felt I had some 'advantage' in judging market trends because I could well explain market changes, but now that feeling is gone. This could be just a bad trading cycle, or it might indicate deeper changes that only time will prove. Since March, I have been basically at a break-even point, with trading volume dropping 60-70% compared to the average level of the previous month. I will continue to maintain low trading volume and strictly set stop-losses until I confirm that market trends are favorable to me again. I want to emphasize again that I still do not believe the big cycle pattern of the crypto market has changed - we were in a bear market before the tariff policy was introduced, and I believe this is still the case. I still tend to look for short opportunities in Altcoins (non-Bitcoin) during bear market rebounds, because I believe these coins are far from entering the 'deep value' zone."

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo