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Trader Eugene: has Closed Position most of the long positions, will maintain low risk exposure before the White House encryption summit
BlockBeats news, on March 3, top trader Eugene Ng Ah Sio expressed, "I was Heavy Positionlongs before Trump's announcement, but now I have closed most of the long positions. At $80,000 for BTC and $130 for SOL, the risk-reward ratio was heavily in favor of longs, but now I consider it relatively neutral. Currently, latecomer shorts and longs will both be harvested, only disciplined traders can maintain profitability. I have not yet determined whether this is a bullish reclaim of the range or a downtrend retest, and will let the price action tell me, especially after March 7. Now there is an approaching Node, which makes the decision relatively simple - to follow the market's strength or weakness after March 7. Therefore, before that, I will maintain a relatively light risk exposure overall. Personally, I do not think Trump can include SOL / ADA / XRP in strategic reserves and get approval from Congress, but he has indeed shown the ability of "getting what he wants", so wait and see.