$NEO has been in a mild consolidation pattern, with price movement confined between $14.79 and $15.72 over the past 24 hours. This forms a potential range-bound consolidation, indicating that short-term traders may capitalize on price reversals within this range. Given the slight negative momentum in the market (-9.47% in the last 24 hours), it's likely that NEO may test the lower support levels soon. However, keep in mind the risk of a breakout beyond this range, which could trigger significant price movement.

Scalping Strategy:

Long Position: Enter if the price reaches near the $14.79 support level. Wait for a confirmation of a bounce with an upward momentum.
Entry Range: $14.80 - $14.85
Stop-Loss: $14.50 (approx. 2.3% risk)
Take Profit: $15.30 - $15.40 (approx. 3% gain)

Short Position: Enter if the price rises towards the resistance near $15.70 - $15.75 and shows signs of rejection or reversal.

Entry Range: $15.70 - $15.75
Stop-Loss: $16.00 (approx. 1.5% risk)
Take Profit: $15.00 - $14.90 (approx. 2%-3% gain)

🥂Trade Here👇$NEO

🚨Note: Trade at your own risk; this signal is not guaranteed. DYOR.
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