Neo Looks Promising to me
Updated
New Is A good coin that retraced almost 85% from its all time high. It looks good at the moment.Neo Looks Like it has bottomed with BTC at 6K. BTC might retest 6k anytime soon so that would give neo a chance for a double bottom forming or at least a small retracement . Im going to place my order anywhere inside this red box most propably above that support line.
My targets and my plan
Buy: 25-29 sats
sell:
Target 1: 39 sats
Target 2: 49 sats
Target 3: 80 sats
Target 4: 130 sats
I Don't have a stop loss because I believe this price is a Bargen anyways. and I trade trend
I'm not a financial advisor just a random guy on the internet.
Remember have your own plan to better understand.
Failing to plan is planning to fail. People with TA and clear entry and exit points feed on fomo.
My targets and my plan
Buy: 25-29 sats
sell:
Target 1: 39 sats
Target 2: 49 sats
Target 3: 80 sats
Target 4: 130 sats
I Don't have a stop loss because I believe this price is a Bargen anyways. and I trade trend
I'm not a financial advisor just a random guy on the internet.
Remember have your own plan to better understand.
Failing to plan is planning to fail. People with TA and clear entry and exit points feed on fomo.
Note
Btc changed movement direction and so did most of the coins including NEO. BTC is at 7K support now it might hold support and and move up again but that is unlikely. BTC will correct today that will cause Neo to retrace to 32 sats and form a right sholder. till now target of 25-29 buying order is still in place. I will keep this post updated. have patience do not enter now
Note
Neo Reached its acumulation zone as we suspected our buy zone target between 25 and 29 sats. Im still waiting for conformation from btc. BTC might hold ground on on the 6.4k and go side ways or see a small correction. Neo will follow BTC so dont fomo if you see it going up. remember best trading is trading with clear entry and exit points, my targets are reached and still didnt go in until i get my confrimation.
I can see that it still has room to go to 26 sats Rsi and Macd both support this plan.
ill keep this plan updated.
when trading dont be bullish and dont jbe bearish, be realistic
Note
As you can see from the graph Neo broke the channel on 4H and confirmed on the 1D candle, but the cloud is holding well.BTC last hope to stay bullish is close the week candle above 6.6k. so might still see some weird movements from alts next two days BTC trying to close above 6.6k.
This movement can cause Neo to retest the 32 sats and back to our target. Unless Btc Makes any confirmed movement this trade will keep moving close to the channel
Alts are moving weirdly past few days even BTC, seems like alt season is on doors and with those prices at the moment i believe Xmas is earley this year.
Our buy order in the range of 26XX maybe 27XX acumulation zone 25-29 sats.
Trade active
Ok so after a long week BTC finally started retaracing maybe it is corrective wave or continue downtrend. but NEO looks like it found suport at the moment. Im still without SL but im keeping alamrs around the 2500 sats area a monitor there if it goes below. But NEO held that retrace like it bottomed. Trade to me is active
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.