📊 Analysis:
Bullish Momentum: NEO has exhibited bullish momentum over recent weeks, currently resting at a support level.
Long Opportunity: Given its bullish trend and support bounce, NEO presents an opportunity for a long trade.
Entry Point: Consider entering the trade at the current support level, ranging from $17.85 to $18.50.
Profit Targets: Target potential profit zones at $20.00 to $20.80 or $22.50 to $23.25 based on resistance levels.
Risk Management: Mitigate risk by setting a stop-loss order just below $17.50 to manage potential downside risk.
📈 Trading Strategy:
Entry: Initiate a long position as NEO finds support within the specified range.
Targets: Aim to take profits at predetermined resistance levels of $20.00 to $20.80 or $22.50 to $23.25.
Risk Control: Implement a stop-loss strategy to safeguard against adverse price movements and limit potential losses.
🚨 Note: Stay attentive to price action and ensure effective risk management throughout the trade! #NEO #TradingPlan #CryptoAnalysis 🌟📊
Bullish Momentum: NEO has exhibited bullish momentum over recent weeks, currently resting at a support level.
Long Opportunity: Given its bullish trend and support bounce, NEO presents an opportunity for a long trade.
Entry Point: Consider entering the trade at the current support level, ranging from $17.85 to $18.50.
Profit Targets: Target potential profit zones at $20.00 to $20.80 or $22.50 to $23.25 based on resistance levels.
Risk Management: Mitigate risk by setting a stop-loss order just below $17.50 to manage potential downside risk.
📈 Trading Strategy:
Entry: Initiate a long position as NEO finds support within the specified range.
Targets: Aim to take profits at predetermined resistance levels of $20.00 to $20.80 or $22.50 to $23.25.
Risk Control: Implement a stop-loss strategy to safeguard against adverse price movements and limit potential losses.
🚨 Note: Stay attentive to price action and ensure effective risk management throughout the trade! #NEO #TradingPlan #CryptoAnalysis 🌟📊
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.
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.