NEO has been on a hell of a run the last few months. You can see on the daily that the 20/50 Moving averages have crossed, known as the death cross and like everything it must come to meet the 200 MA (White).
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200 MA gonna get on top. Each line will act as resistance. There will be chop, ups and downs but the inevitable will happen. My biggest mistake learning this is not taking profits. I have a SL in profit now so cant lose, But I tend to leave it in place for the chart to go against me and stop me out. Thats losing cause I am not taking profits. Going forward I plan to start taking profits play these things on the way down. GL
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It just crossed. Remember this when you reading all the shit and its gonna bull and its gonna do this and that. The 200 MA is the master. The trend works to and away from it. You cant escape it.
Maybe im mad but. These MA's starting to show me stuff.
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Moving SL to 11750 It looks like it might turn, if it does an I get stopped, I will look to enter again up higher, but by moving SL I am locking profits rather than waste my time again. If it does not turn, happy days, will move it again to a lower spot later today or tomorrow.Note
Approaching the bottom of this channel where it has bounced before. So adding a trailing SL (0.00045) and let this play itself.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.