Neo / Bitcoin

Update two on decision time for NEO - 4h chart

98
Neo is fast approaching that short term down trend and the blue resistance/support line that was drawn in.
It can either choose to follow that downtrend or make a small breakout through it and maybe retest the upper resistance (red line)
for a possible 12% gain but more likely a 3 - 7% retracment at newly formed resistance in the last week.
A possible fall through, would most likely see it to continue to go sideways or test new support at a 5% loss.

Still a risky trade for a possible 3-7% short term profit, dont go to bed without a tight stoploss however.


Disclaimer - these are just ideas based on what I can see. The market is extremely volatile so please make sure to
do your own research and be careful with any trades you make.

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