Renowned trader Eugene Ng Ah Sio shared his analytical position through his personal channel, expressing strong skepticism about the current situation in the cryptocurrency market. According to media outlet Odaily, the professional trader believes that further developments will lead to a significant decline in prices beyond current levels.
Eugene pointed out that, despite personal concerns about market dynamics, the unfolding situation aligns with his previously expressed forecasts regarding future movements. This confirmation of his own prediction prompted the trader to shift to a certain tactical reorientation. While awaiting more favorable price levels, Eugene decided to conserve capital, refraining from active trading operations in favor of a wait-and-see strategy.
This approach reflects the classic methodology of a professional trader: reasonable anticipation of an optimal entry point instead of aggressive actions in unfavorable market conditions.
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Eugene warns of continued decline in market prices
Renowned trader Eugene Ng Ah Sio shared his analytical position through his personal channel, expressing strong skepticism about the current situation in the cryptocurrency market. According to media outlet Odaily, the professional trader believes that further developments will lead to a significant decline in prices beyond current levels.
Eugene pointed out that, despite personal concerns about market dynamics, the unfolding situation aligns with his previously expressed forecasts regarding future movements. This confirmation of his own prediction prompted the trader to shift to a certain tactical reorientation. While awaiting more favorable price levels, Eugene decided to conserve capital, refraining from active trading operations in favor of a wait-and-see strategy.
This approach reflects the classic methodology of a professional trader: reasonable anticipation of an optimal entry point instead of aggressive actions in unfavorable market conditions.