I am trader Happy. In the complex and ever-changing market situation, I am a keen observer who can see business opportunities.

[2024.5.20 XNO intraday market analysis]

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#XNO XNO trading strategy: seize the rebound opportunity and operate steadily

The current XNO market shows a bullish trend at the 1-hour level, while the 2-hour and 4-hour levels both show rebound signals.

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🔥🔥🔥Today, our focus is on the price of 1.178. As long as the price can stand steadily above this position, long orders will have greater profit potential.

🔥🔥🔥The upper pressure levels are located near the key positions of 1.185, 1.191, and 1.198.

If the price fails to break through these pressure levels during the upward process, it may mean that the rebound momentum is insufficient and the market may turn to the short side again.

🔥🔥🔥Therefore, please be vigilant during the operation. If the price fails to effectively break through the above pressure levels, we should consider adjusting the strategy in time and continue to be bearish on the market.

🔥🔥🔥At this time, the target level below will be around 1.173, 1.168, and 1.163.

🔥🔥🔥In short, steady trading is the key. While pursuing profits, please pay attention to the real-time changes in the market and set stop loss points reasonably to ensure that risks are controllable. I wish all investors a smooth transaction!

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