NEOUSDT 4H - Possible double top, waiting for retracement
Hi everyone,
Neo has formed a double top around 14 dollars, therefore I consider the chance of a retracement. A buy opportunity might come, starting from the 50% Fibonacci retracement. For less risk and major gains, I find more appealing the possibility of the 61.8% retracement, therefore I open a buy order at that level.
Buy entry: 8.63
Potential gains 60%
TP : 13.886
SL: 7.773
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Neo has formed a double top around 14 dollars, therefore I consider the chance of a retracement. A buy opportunity might come, starting from the 50% Fibonacci retracement. For less risk and major gains, I find more appealing the possibility of the 61.8% retracement, therefore I open a buy order at that level.
Buy entry: 8.63
Potential gains 60%
TP : 13.886
SL: 7.773
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
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