Rationale: the long-term is intersecting with the bottom fib-channel of the shorter-term that started on Janurary 16th 2018. We may see a dip below the , but I am anticipating a major bounce to at least $110, a fib-retracement. I would not be surprised to see retracement all the way up to $124, or $137 before slight pullback, too.
Additionally, the 1D has literally never been this low (orange circle) since launch on Bitfinex(chart-data source). That means this has been unseen since September, and therefore essentially unprecedented. Like I said, this is make-or-break. Pay attention and you will be rewarded, even if this doesn't go long.
Tune in for updates on this trade.
My sentiment remains that NEO is oversold and will bounce heavily on USD eventually but it cannot do this while BTC is in free-fall.
I have no problems admitting faulty trades, though -- this is how you improve. In any case, I will update this trade until I consider it truly dead.