I am trader Happy. In the complex and ever-changing market situation, I am a keen observer who can see business opportunities.
#W [2024.5.20. W intraday market analysis]
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🚨🚨🚨W coin market analysis: 1-hour rebound, 2-4-hour short-term trend
📈 1-hour level rebound is established
🚀 Rebound is effective: The current W coin has confirmed a rebound at the 1-hour level, and the market is in an upward channel
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🎯 Upper target: Pay attention to the key position near 0.5324. If the market stabilizes above this position, the rebound is successful and effective. The upper targets are around 0.5373, 0.5422, and 0.5471.
📉 2-4 hour level short trend
🛑 Long-short watershed: Although the 1-hour level rebounded, the 2-4 hour level is still in a short trend. It is necessary to pay close attention to the turning point of the market.
🛡️ Lower support: If the upward movement does not break the long and short prices, the rebound will fail. At this time, the lower support levels should be stepped back, which are 0.5278, 0.5246, and 0.5200.
Focus
🔍 0.5324 position: The focus of the current market, the long-short watershed at the 1-hour level. The direction of the market will be clear at this position.
Risk warning
🔔 Contract risk: There are risks in trading contracts, please be careful.
🐣 Keep the old hen: While pursuing profits, please pay attention to risk control and ensure the safety of the principal. Only by keeping the principal can you have the opportunity to obtain more benefits.
Brothers, the market is risky, and investment should be cautious. Let's operate steadily and pursue long-term returns!
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