TechFlow News, May 13: Trader Eugene announced that, due to Bitcoin’s failure to sustain its bullish momentum, he has exited his long SOL position at a stop-loss and stated he will remain on the sidelines for the time being.
Previously, Eugene noted that among major assets, SOL had demonstrated stronger relative strength compared to ETH and HYPE, and believed it was most likely to break out first from its three-month consolidation range. At that time, he pointed out that if SOL achieved a decisive breakout above $96, the next key resistance level would be near $120—representing approximately 25% upside potential.
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