On November 28th, renowned trader Eugene shared insightful observations on social media regarding his trading experiences during a challenging market phase. He reported an unprecedented success this month, marked by achieving record win rates and profits, while executing the highest volume of trades recorded thus far. This surge comes amidst a turbulent backdrop, particularly highlighted by Bitcoin’s dramatic 35% rise, which can provoke significant FOMO (fear of missing out) among traders who miss pivotal trading opportunities.
Despite the hurdles, Eugene found lucrative returns in established cryptocurrencies like SOL, ETH, and DOGE. His strategic adjustments following the election results on November 6th, where he scaled his positions in response to market sentiment, proved to be a pivotal decision. However, he acknowledged that failing to capitalize on key market events, such as the Robinhood listings of XRP and ADA, resulted in lost opportunities for leveraged gains.
Looking forward, Eugene anticipates that until Bitcoin breaches the $100,000 threshold, the trading landscape will continue to resemble a PvP (player versus player) scenario. He maintains a bullish outlook on ETH and SOL moving forward and emphasizes the importance of monitoring tokens with a favorable risk profile. A consistent sentiment in the market suggests that a decline below $85,000 for Bitcoin could adversely affect market stability.