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Long

NEO possible reversal on trendline

BITFINEX:NEOUSD   NEO / U.S. Dollar
NEOUSD just touched trendline which could be strong support and act as point of short term reversal. $55 is the place to get in, place stop loss under the line and point towards $78. Its risky trade, we are still under a lot of pressure and panic, so stay tune and pay attention to possible pull backs.
Trade active: We bounced right on the support. Trade is active. I'm targeting $78.
Trade closed: stop reached: $78 was reached. Nice trade. I will catch NEO lower as this is one of my favourites coins!
Comment: Bouncing on trendline. Push lower would take NEO on $40 level.
Trade active: Next target $78.
What are your thoughts on NEO nearing the trend line now?
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