TechFlow reported on March 3 that trader Eugene Ng Ah Sio posted on his personal channel: "I was heavily long before Trump's announcement, but I've since closed most of my long positions. When BTC was at $80,000 and SOL at $130, the risk-reward ratio was strongly skewed toward longs, but now I view it as relatively neutral."
Eugene pointed out that late-entering shorts and longs will both be liquidated, and only disciplined traders can maintain profitability. He has not yet determined whether the current market is a bullish reclamation of the range or a bearish downside retest, and will wait for price action after March 7 to make a decision. He believes this upcoming juncture actually simplifies the decision-making process, allowing one to follow the market's strength or weakness direction after March 7, and thus will maintain a light position strategy until then.
Regarding policy expectations, Eugene stated he does not believe Trump will be able to include SOL, ADA, and XRP into the strategic reserve and gain congressional approval, but acknowledged Trump has the ability to achieve his goals, so the outcome remains to be seen.
Previous report: The U.S. White House will host its first cryptocurrency summit on March 7.
