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Well-known trader Eugene admits defeat: the market is hellishly difficult, UNI breakdown is a slap in the face
Well-known trader Eugene recently posted a rather blunt update on his channel: “Pulled the trigger too early. This market is hell mode right now. Licking my wounds, going to stay on the sidelines for a bit.” This sounds like he’s admitting that his previous judgment backfired.
Looking back at his previous moves, Eugene had openly said he was adding to his ETH and SOL positions and was particularly bullish on UNI’s short-term outlook. So what happened? UNI has now broken below the $6.5 support level, and his analysis from back then has basically been invalidated.
This round of market action has tripped up quite a few veterans, and Eugene’s honesty is actually pretty rare—after all, not many traders are willing to publicly admit when they’ve gotten it wrong.