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NEO / TetherUS PERPETUAL CONTRACT

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NEOUSDT.P trade ideas

NEO/USDT: Ranging into the lower flat channel BINANCE:NEOUSDT BINANCE:NEOUSDTPERP Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $NEO is still moving into a ranged zone within $6.8 - $6.0; Based on the range formed here, I want to take a SHORT right below the current resistance zone take partial profits along the down till $5.5. Stop-Loss should be located a bit higher above the local high at $6.785 to avoid the possible deviation and stop-hunts above it... I'll trail my stop-loss once it reaches the Target1. Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
2
NEOUSDT ABCDThe ABCD is a basic harmonic pattern. All other patterns derive from it. The pattern consists of 3 price swings. The lines AB and CD are called “legs”, while the line BC is referred to as a correction or a retracement. AB and CD tend to have approximately the same size. A bullish ABCD pattern follows a downtrend and means that a reversal to the upside is likely. A bearish ABCD pattern is formed after an uptrend and signals a potential bearish reversal at a certain level. The rules for trading bullish and bearish ABCD patterns are the same, you will just need to take into account the direction of the pattern you trade and the movement of the market it predicts. Likes and comments if you have questions! 🍌 Thanks!
by UnknownUnicorn38199698