Famous trader analyzing market movements as of October 10 Eugene Ng Ah Siomade important evaluations to investors through his social media account. Eugene, especially solanaStating that (SOL) is a strong choice, he shared his prediction that the rise will continue after the upcoming US Presidential elections. In this analysis, according to Ng, investors who tend to avoid risk before the election should review their positions and the positive signals in Solana’s technical analysis may offer new opportunities to investors.
Pre-Election Risk Mitigation Strategy and Solana’s Technical Power
According to Eugene Ng Ah Sio’s analysis, speculative buying in October has been largely liquidated. It will be held in the first week of November US Presidential electionsWith the approach of 2018, investors have put risk reduction strategies into action. Eugene Ng Ah Sio stated that this process was triggered a few days ago, and said, “That’s why I was in a defensive position a few days ago.”
analyst, artificial intelligence memecoin He emphasized that Solana has stood out since the hype and that all the developments in the cryptocurrency world these days focus on Solana.
From a technical analysis perspective, Eugene Ng Ah Sio stated that Solana broke through the resistance level tested for the last six months, turned it into a support position and gave a strong “buy” signal. “Buy at this point, which has been retested as a support level after showing extremely strong relative strength,” he said. altcoinHe pointed out that will continue its upward trend after the election.
Predictions for Investors and Post-Election Expectations
According to Eugene Ng Ah Sio’s prediction, the majority of positions in the market have been cleared and strong projects such as Solana are attracting the market’s attention. For this reason, he expects the market to enter an upward trend again, especially after the elections.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
