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jbourgault
Apr 4, 2018 12:00 PM

NEOUSD quick long Long

NEO / DollarBitfinex

Description

Seems like cryptos we are in a bullish correction. Price has now retraced to the 0.618 fib level. Good time to get in with a timeboxed long position.

If price stays below 54 until Thrusday, that would mean that the move is too weak. I would then consider closing the position sooner with small profit.

Target: ~57.50 (AB=CD)
Stop: 46.90
R/R: ~4.25

Trade closed: stop reached

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