Target: 0.003066
Stop-Loss: 0.0021
Neo looks like it is following a classic hype cycle and after its initial pump has returned to the area of high demand indicated by the yellow zone, evidence of an impending bull run. RSI and CMF also indicate that it could break out of its short-term resistance to the longer-term resistance line. After this break I do see Neo having enough momentum to also break the long-term resistance and reach new ATH, however, we will still have to re-evaluate if the target is reached. Wait for a break of the short-term resistance before entering the trade. Good luck.
Stop-Loss: 0.0021
Neo looks like it is following a classic hype cycle and after its initial pump has returned to the area of high demand indicated by the yellow zone, evidence of an impending bull run. RSI and CMF also indicate that it could break out of its short-term resistance to the longer-term resistance line. After this break I do see Neo having enough momentum to also break the long-term resistance and reach new ATH, however, we will still have to re-evaluate if the target is reached. Wait for a break of the short-term resistance before entering the trade. Good luck.
Comment:
Testing resistance
Comment:
** Stop-loss: 0.00201**
Trade active:
Breakout
Trade closed: target reached
