TradingOn

NEO/USDT 2h (Binance Futures) Falling wedge near breakout

Long
TradingOn Updated   
BINANCE:NEOUSDT.P   NEO / TetherUS PERPETUAL CONTRACT
#Neo could break bullish here, even if it still looks risky, better use low leverage.
Let's hope for that wedge support to hold and wait for possible breakout.

Current Price= 16.939
Buy Entry= 16.971 - 16.773
Take Profit= 17.245 | 17.642 |17.991
Stop Loss= 16.499

Risk/Reward= 1:1 | 1:2.06 | 1:3
Expected Profit= +11.05% | +22.80% | +33.15%
Possible Loss= -11.05%

Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 5x
Estimated Gain-time= 120h
Trade active:
First entry filled

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.