PANews reported on January 30th that trader Eugene Ng Ah Sio posted on his Telegram channel: "I redeployed a reasonably sized position this morning. This recentPANews reported on January 30th that trader Eugene Ng Ah Sio posted on his Telegram channel: "I redeployed a reasonably sized position this morning. This recent
Trader Eugene: I have re-entered the market and deployed my position, with a stop-loss set below $80,000.
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News Brief
Trader Eugene Ng Ah Sio revealed via Telegram this morning that he's re-entered the market with a substantial position. In his view, the recent downturn has crushed even the most steadfast bulls—investors feel battered and are capitulating while countless voices predict further declines. From where he stands, the risk-reward ratio now favors buying, and he's established a clear stop-loss just beneath $80,000.00. He dismisses the notion that crypto will continue underperforming compared to other risk assets; therefore, he figures this lethargic phase is likely nearing its end. Consequently, he believes now presents an ideal opportunity to re-engage.
PANews reported on January 30th that trader Eugene Ng Ah Sio posted on his Telegram channel: "I redeployed a reasonably sized position this morning. This recent market downturn seems to have wiped out even the most steadfast bulls, with a clear sense of frustration and capitulation (while many are also calling for even lower prices). In my opinion, the risk-reward ratio for going long here is quite good, and the stop-loss is clearly set below $80,000. I don't believe crypto assets will consistently underperform all risk assets; we're likely nearing the end of this relatively weak phase. It's time to fire again."
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