Tilen_tradershub

NEO possible reversal on trendline

Long
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.