Express
Trader Eugene: Closed Most ETH Long Positions, Still Holding Long Positions in Small-Cap Coins
Summary: In a post on his personal channel, trader Eugene Ng Ah Sio announced that he has closed most of his ETH positions here, significantly reducing risk exposure - although unable to predict how crazy the market will get, multiple warning signals are flashing before his eyes. The strategy of opening ETH long positions at $2500 ...
In a post on his personal channel, trader Eugene Ng Ah Sio announced that he has closed most of his ETH positions here, significantly reducing risk exposure - although unable to predict how crazy the market will get, multiple warning signals are flashing before his eyes.
The strategy of opening ETH long positions at $2500 has been fully realized, capturing two rounds of uptrends (from $2500 to $4000, then $4000 to $4800). If a third round of highs occurs (assuming it comes true), there will be a scene of traditional financial funds continuously pouring into ETH, with a highly consistent market consensus. Although this scenario is not impossible, for traders who prioritize capital protection, the risk-return ratio of continuing aggressive long positions is no longer attractive.
While I still tactically hold long positions in other small-cap coins, I have fully reduced the position size and switched back to capital preservation mode.
Let's cherish this last frenzy.
Tags:
Link: Trader Eugene: Closed Most ETH Long Positions, Still Holding Long Positions in Small-Cap Coins [Copy]
