Scuba25
Long

NEO/ETH - Buying the Retracement

BINANCE:NEOETH   NEO / Ethereum
NEO/ETH - NEO/ETH looking interesting to me here. We are seeing a lot of larger cap alts gain on ETH like XRP, XLM , EOS etc. Reason for this trade is a good R/R, price has broken market structure shown by the new high (white tick) taking out the old high (white cross). Scaling in for a good entry down from current price down to 0.064121, stop below that wick and aiming for that old support level . Price is in our buy fib zone.

Timeframe - Daily
Supports - (1) 0.065468 and (2) 0.064121
Resistance/Limit - 0.076607
Stop - 0.062234

Happy Trading
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