PROS:
- First open source blockchain developed in China
- Crypto Whales wanting this to go down, buy at a cheaper price and buy this potential currency.
- Technically in a support level
- Buy on storm times and sell on golden times: China is currently banning a lot of ICO's making the price of NEO drop. This doesn't necesarily mean that cryptocurrencies are dead. Banning most of ICO's was due to all the scams generated from it. It’s better to have less but more trustworthy ICO's and it was just about time that regulations kicked in and a more stable implementation will be healthy for the markets.
- NEO is a potential SURVIVAL altcoin due to China support. Not just a pump and dump.
CONS:
- China being strict and ban or limit crypt-ocurrencies creating continuous fear
This is a HOLD opportunity. In my personal opinion, a good trade set-up would be like the one mentioned in the chart which is a -25% LOSS <-> +300% WIN Range opportunity. The lower it goes to the stop limit, the better opportunity. However keep in mind that this is still a cryptocurrency and it can be volatile. Don't risk money you can't afford to lose on this trade.