ChainCatcher news, trader Eugene Ng Ah Sio posted on his personal channel, "This morning I redeployed a relatively reasonable size position. In the recent round of continuous blows in the market, it seems that even the most determined bulls have been purged out, and a lot of frustration and capitulation can be clearly seen on the emotional side (at the same time, many people are shouting lower prices).
In my opinion, the risk reward ratio for going long here is quite good, and the stop loss is clear, set below $80,000. I don’t think crypto assets will underperform all risk assets for a long time, and there is a high probability that we are now at the end of this round of relative weakness. It’s time to fire again. ”
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