Eugene: Has stopped loss on SOL position due to weakening BTC trend, will temporarily step aside to observe
2026-05-13 15:27
Odaily reported that trader Eugene stated that due to Bitcoin's failure to sustain its strong momentum, he has stopped loss on his previously bullish SOL trade and mentioned that he will step aside for a period of time.
Previously, Eugene indicated that among mainstream assets, SOL has shown stronger relative strength compared to ETH and HYPE, and he believed it was the most likely to break out of the three-month consolidation range first. He pointed out at the time that if SOL effectively breaks through $96, the next key resistance level would be around $120, corresponding to an upside potential of approximately 25%.
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