Technical Analysis and Trade Signal for $NEO

/USDT

Current Price: 16.42 USDT

24h Change: +4.06%

Momentum: Bullish

Key Indicators:

1. Moving Averages (MA): Confirmed uptrend with short-term MAs in a bullish crossover.

2. RSI: RSI at 58, indicating strong buying pressure without being overbought.

3. Support and Resistance:

Support: 15.57 USDT (24h low).

Resistance: 16.46 USDT (depth level)

Trade Signal

Signal: BUY

Ideal Entry: Around 16.10–16.42 USDT (on minor retracements).

Target Levels 🎯

1. Target 1: 16.70 USDT (next resistance zone).

2. Target 2: 17.00 USDT (psychological level).

3. Target 3: 17.50 USDT (extended upside target).

Momentum

Bullish Momentum: Strong volume and positive price action. Watch for potential overbought conditions near 70 RSI.

Stop-Loss: Set at 15.50 USDT to minimize potential losses.

Manage risk and monitor price action for any changes in momentum.

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