$NEO Long Liquidation: $54.4K Cleared at $24.60 – A Sharp Reversal

NEO saw a sudden downturn to $24.60, triggering the liquidation of a $54.4K long position. This unexpected price drop underscores the volatility of the market, with long positions caught in a sharp reversal as bearish pressure takes hold.

Key Highlights:

Reversal Pressure: NEO struggled to hold above key resistance levels, particularly near $25.00, leading to a swift decline.

Support and Resistance: Immediate support is now at $24.40, with resistance at $25.00.

Market Sentiment: The liquidation points to a shift in momentum, with bears gaining control and potential further downside in play.

Traders should stay alert for any potential rebound from the $24.40 support level or further weakness if selling pressure continues to dominate the market.

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