NEOUSD, the indicators are showing bullish energy building up. NeoUSD could drop to $24, laddering entries to go long for 3%.
Trade active
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Have laddered in again and currently have base price of $23.47 My stop loss is 27 on the RSI indicator, as soon as a candle closes with RSI of 27 or lower, or when the divergence fails, I will stop out the trade.
Trade closed manually
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exited at $23.68 for 150usd. Not a bad result, but the trade required me to ladder in quite hard.
i think its bottomed out and now is a good time to buy as much as possible.
Geronimojo
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@MikeyEtn, Hi there, my strategy targets a 1-3% profit and rarely do I let it run unless the rally is very strong. I would agree that Neo is perhaps entering an accumulative era, however I am a short term scalper and am not looking for those conditions.
MikeyEtn
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Do you not think it will continue up, it looks like its hit bottom?