NEO.USDT (Y20.P4.E1).Reversal area
Updated
Hi All,
Many of the Alts have created a reversal bottom and NEO seems lagging behind but doing similar formation.
Its pullback is very deep, back were it started from.
Trying to find the reversal structure is obviously a bigger risk but better returns.
I'm also aware of the BTC price action which can drop a little more as per my post, but i don't see that happening quickly.
Also note yesterday was a BTC dominance day where many ALTS dropped price, today they can start reversing as well.
Note: hidden bullish divergence.
My strategy,
Looking at the 4 hrly (2 hrs left to close) and 8 hrly chart for a bullish candle combination\setup;
Check the smaller time period to see an entry level;
Place a small order. If it gets to be correct, follow up with another order which offsets any potential losses by the profit gained by the first order;
Place a stop as per chart;
Lets see how this one goes.
Regards,
S.SAri
POTENTIAL Fractal, LINK
Many of the Alts have created a reversal bottom and NEO seems lagging behind but doing similar formation.
Its pullback is very deep, back were it started from.
Trying to find the reversal structure is obviously a bigger risk but better returns.
I'm also aware of the BTC price action which can drop a little more as per my post, but i don't see that happening quickly.
Also note yesterday was a BTC dominance day where many ALTS dropped price, today they can start reversing as well.
Note: hidden bullish divergence.
My strategy,
Looking at the 4 hrly (2 hrs left to close) and 8 hrly chart for a bullish candle combination\setup;
Check the smaller time period to see an entry level;
Place a small order. If it gets to be correct, follow up with another order which offsets any potential losses by the profit gained by the first order;
Place a stop as per chart;
Lets see how this one goes.
Regards,
S.SAri
POTENTIAL Fractal, LINK
Trade closed: target reached
That wick doesn't look good. Exit now, it could drop but not much.
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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