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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Trader Eugene entered a position for a SOL long order, stating that BTC is stabilizing at the 110,000 USD support.
Odaily News Trader Eugene stated that he has attempted to Enter a Position for SOL long order. He believes that under the backdrop of BTC reclaiming the 110,000 USD level, SOL is the strongest asset among major encryption assets. Due to weakened ETH momentum and a compressed mNAV indicator (BMNR below 1.1, SBET below 1), he expects the market to shift towards allocating more resilient emerging Tokens. Eugene also pointed out that if BTC falls below 110,000 USD, he will immediately execute a stop loss and exit the market.