Trader Eugene: I have attempted to buy AI-related tokens in small positions, believing that they have been overly sold and naturally bottomed out
Odaily Planet Daily reports that trader Eugene has indicated he has made some small position purchases of AI-related tokens. In the long-term charts, some altcoins are showing signs of recovery, even in a bear market we can see some small-scale rebounds. Tokens of interest include: AI16Z; WLD; VIRTUAL; ARC. The main reason for choosing AI tokens is because AI proxy related tokens have experienced excessive declines (which naturally bottom out), and Nvidia's GTC conference will be held next week. This catalyst always has mixed effects in the past, but I believe that if enough positions are at a disadvantage, people will always find reasons to go long.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
「Buddy」 ETH Long Position Sees Over $2 Million Drawdown from Peak Profits, Entry Price at $3,138.43
Machi Big Brother's ETH long position retraced by over $2 million from the peak, with an unrealized loss of $287,000.
Machi Big Brother's 25x leveraged ETH long position is floating a loss of $287,000