NEOUSD - Wait to long on confirmation or short to the bottom

Sitting at the bottom of a trend channel. Open longover resistance line (red horizontal) for the safest opportunity or try to short to the bottom on NEOUSD. More opportunity can be made by placing limit orders under the current price as well as over if we magically bounce back here.

Applied are speed resistance fans that NEO should be riding along. The one blue fan line is at a ratio of .125, which usually isn't reached but should be the bottom unless NEO breaks, and lower/weaker Fibonacci levels are usually broken by fundamentally unsound/new coins. The subreddit for NEO has teeming with an active community since its inception and holding NEO distributes GAS, which is a necessary payment developers need to use with on NEO's platform.

Fundamentally, the coin is sound; BTCUSD tanking has taken most of the top 100 coins down quite hard with it, and the % loss is heavy on most coins. I would be looking to tether in and waiting for either the bottom to fall out, or buy back into cryptocurrency after a bullish reversal is confirmed on bitcoin.

Currently MACD and RSI on XBTUSD (which seems to have the most volatility and volume) is still looking bearish. Longs are stacking up on Bitfinex but the indicator does not count hidden orders as far as I know. I believe BTC/XBT price is being suppressed down by whales because it is no difficulty to short at what we consider key resistance levels and turn liquidated longs into further price dump. Unfortunately my own target of $10,200 and $9700 were both missed by a huge mark...