Will monitor this a bit as it is right now on the point and I don't want to catch a falling knife. So if some green candles start to appear I will get in. You can always be more aggressive and buy right now because a stop loss and risk management takes care of all. But with BTCUSD going up, it is not clear alts will fade away first or later.
Trade active:
On daily timeframe you can see NEO could well start it's wave 3 right now:
Comment:
Things are still mixed for NEO as it is looking to break down instead of going bull, with BTCUSD going it's wave 3 alt's may not follow at first but just later. So if you are long a good stop loss is by breaking down here but this can also be the support NEO needs to revert the situation:
Trade closed: stop reached
