Eugene: Due to weakening BTC trend, SOL position has been stopped out, temporarily stepping aside to observe

Odaily Planet Daily News Trader Eugene stated that as Bitcoin's trend failed to maintain its strength, he has stopped out his previously long SOL trade, and mentioned that he will step aside for a period of time.

Previously, Eugene had indicated that among major assets, SOL showed stronger relative strength compared to ETH and HYPE, and believed it was the most likely to break out first from the three-month-long consolidation range. At that time, he pointed out that if SOL effectively breaks through $96, the next key resistance level would be around $120, corresponding to an upside potential of approximately 25%.