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Trader Eugene: Not sure if this is the market bottom now, will continue to try left-side trading

Trader Eugene: Not sure if this is the market bottom now, will continue to try left-side trading

Bitget2024/09/09 01:50

Trader Eugene stated on his social media platform, "The volatile market in the past six months has been brutal, but it is very constructive in the long run because it creates conditions for large-scale contrarian layouts. Market participants have become accustomed to selling when prices rise and trading within ranges, as doing anything else would only lead to endless back-and-forth transactions or worse. So when the vast majority of people decide to hold tokens again, no one is prepared for what will happen. Those who blindly buy and hold have already died a hundred times, so these people are not common now. The spark that triggers a trend change can be anything. I'm not saying this moment is the bottom, but I'm willing to make enough attempts (with stop loss) to ensure that when that huge surge finally happens, I am one of the first ones to transact. If I need to do this 10 times, I will do it 10 times."

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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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