Huge Upside for NEO - Buy Opportunity

Friends who follow me requested that I do a proper analysis on NEO against USD so here we are. A buy opportunity has presented itself at the level as indicated on the chart. This would be a good level to open a NEO trade for the long term. The tendency for price to retrace upward from here is very high. This pro trade is aimed at maximizing profit over a short term basis and does not represent the full upside potential of NEO.

Trade Entry: $35 +/- $0.5
ST Trade Exit: $52 +/- $0.5
Stop Loss: $34

Good luck, my friends! Happy Trading!

评论:

If Stop Loss at $34 is triggered, we may have the rare opportunity to buy back at lower levels, as indicated in the updated chart below.

评论:

Price is holding around our original trade entry zone (35 +/- 0.5) which is a good entry price for long term trade. We can consider adding more If price does come down our lower trade entry zone (30.65 +/- 1.15).

NEO's price drop correlates with the pullback we are seeing on Bitcoin which may extend down to new demand zone at lower 6400 before breaking to new higher highs.

评论:

My friends, we are very close to our lower Trade Entry zone. At the same time, Bitcoin has reached a fortified support wall around lower $6400 where I anticipate that price will very soon catapult to above $7k. Just keeping you guys updated, that's all. Make your own decisions and due diligence.

评论:

Price fell short of our lower trade entry range, which is in reversal zone. It is best to wait for price to drift into range before entering the trade. Remember, a sharp decline in price often leads to a strong bounce/reversal.

评论:

NEO may have one more leg down before going north. The good news is that will bring price down to our lower entry level. I have here an updated analysis on NEO. The more I look at NEO's chart, the more upside potential I see in it in months to come. By end of this year, we will be drooling over the trade entry levels that we got in. Just my humble opinion.

交易结束：到达止损:

Refer to my latest NEO chart.