Regarding W's goal and a logic of bullishness, first of all, W is also a new coin sector. Although it started to fall after a wave of listing, it was mainly because the market began to pull back, and many copycats followed the decline.
Then W's new coin halo did not emit light, but fell all the way. Of course, according to the normal understanding of new coins, this period can be understood as a new coin transition period. Every new coin, whether it is strong or weak, needs a period of shock to digest the selling pressure, which can also be understood as chip recovery.
I have observed W for a period of time. Although its performance is not very good, it can always rebound in the first time every time it touches the strong support line near 0.52 So there is a strong bottom-fishing fund at this position. It can be understood that the probability of this line falling below is very small, unless the market collapses, which is also my stop loss line.
In addition, after the W small level touched 0.52 many times, there was a pullback, and the shape is in an ascending triangle. Next, there is a high probability that it will break through the triangle and move in a strong market. The upper pressure line has been digested for two days. The first few K lines at the 4h level are up and down, so this is a sign of breaking the pressure line.
Once this upward trend is broken, 0.8u can be seen, which is also our target position. A 10% drop in exchange for a 30%-40% increase, or even higher, is very cost-effective!
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