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NEO
Long

#NEOUSD #cryptocurrency pulling back for a nice swing entry.

306
Risk-limited entry around $75-80. Overall great risk/reward here to play the breakout of the descending trendline (note, log chart). Breakout could occur if BTCUSD breaks out of current consolidation toward 10k, while NEOBTC holds - again, not necessarily a bad scenario. Nearly 1:3 risk/reward currently - buying closer to $75-$80 would be ideal for this setup.
JustChartThings
Bitcoin (Cryptocurrency)BTCUSDChart PatternsCryptocurrencycryptotraderNEOBTCneousdTrend Analysis

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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.
Bitcoin (Cryptocurrency)BTCUSDChart PatternsCryptocurrencycryptotraderNEOBTCneousdTrend Analysis
JustChartThings

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.