$NEO /USDT Trading Signal - Reversal at Support?
Current Price: $15.74 (-3.26%)
24h High: $16.30
24h Low: $15.71
24h Volume: 301,951.60 NEO
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Market Overview
$NEO has dropped from the $16.39 resistance and is testing support near $15.70. This level is critical for potential price recovery or further downside.
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Trading Plan (1H Timeframe)
Bullish Scenario:
Entry Zone: $15.70 - $15.90
Targets:
T1: $16.10
T2: $16.30
T3: $16.50
Stop Loss: $15.50
Bearish Scenario:
Entry Zone: Below $15.60
Targets:
T1: $15.30
T2: $15.00
Stop Loss: $15.85
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Technical Insights
MACD: Momentum is slightly bearish, but a rebound at $15.70 could reverse the trend.
RSI: Near oversold levels, suggesting a possible recovery.
Support Levels: $15.70 and $15.50.
Resistance Levels: $16.10 and $16.30.
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Strategy Recommendations
Look for bullish confirmation near $15.70 with increased volume.
Secure partial profits at $16.10 and adjust stop-loss for remaining positions.
For short trades, monitor for a break below $15.60 with sustained selling pressure.
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