Price is trading around very strong resistance which also acting as a NECKLINE. If a retracement happen from here then we should expect the NEO to form inverse SHS with the Right shoulder turn to be a perfect BUY BACK zone.
But at same time considering the general market sentiment, full attention should be placed on the Neckline, because if price breakout from here, will generate a big rally where the neckline pullback will be a good LONG entry.
Thanks
Operación cerrada: objetivo alcanzado
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Neo just did it nicely. Great call, Remember to join us on our live trading.
Operación activa
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Operación activa
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After achieving immediate target zone, price went back to re-test major demand area which give massive and expected bounce. This update provide new entry zone for the coin.