Thrilling Post on $NEO Long Liquidation

Liquidation Alert.

The crypto market has spoken.

A significant long liquidation worth $2,971.1 occurred for at a critical price level of $15.80.

What Happened.

This liquidation suggests a sudden price drop caught over-leveraged traders off guard, leading to forced selling. The $15.841 level is pivotal, marking a zone where bullish traders were swept out of the market.

Key Details:

Liquidation Amount: $2,971.1

Type: Long liquidation (Buyers closed positions due to price drop).

Price Level: $15.841

Possible Reasons:

1. Market Volatility: Sudden price movements in a thinly traded market.

2. Stop-Loss Hunts: Price manipulation by whales.

3. Broader Crypto Sentiment: Bearish pressure in the market.

What’s Next for $NEO

Critical Resistance: The price needs to reclaim $15.841 or higher for bulls to regain control.

Support Zone: Watch for support around $14.80–$15.20.

Trading Strategy:

Buy Zone: $14.80–$15.20 (if support holds).

Target Levels: $16.50, $17.20.

Stop-Loss: Below $14.50 to manage risks.

Stay alert, traders! The next move could define $NEO trajectory in the coming days. Will the bulls rally, or will the bears drag it further down? Time to strategize wisely.

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