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sha1ey
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Now I am just tired y'all 😥 What do you advice I do?
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sha1ey
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A lesson to all! This was my loss yesterday, today the tables have turned and these losses have turned into 200+USDT profit. However, I was so focused on closing my positions on net 10USDT because I was panicking when I was losing, and I promised to my self to close the trade the moment I reach net zero. I ended up only making 10 USDT and closed all my positions. Now I regret it because I could've made 200+USDT if I waited until now 😥 emotional trading is wrecking and I advise you to stick to your plan and ignore your emotions. #BTC #ETH #FIL/USDT #NEO
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Uh oh 🥺😥😂
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That's a smart move, hedge to minimize losses👍
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I feel the pain 😭
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NEO/USDT Bearish Signal ‼️⚠️‼️⚠️‼️⚠️ Technical Analysis Predicting a Drop in NEO/USDT from $16.05 Background Overview:NEO, often dubbed the "Chinese Ethereum," has seen its fair share of ups and downs. At the current price point of $16.05, technical indicators are showing signs that might herald a bearish scenario for NEO against USDT. Current Market Position: Price Levels: NEO/USDT has touched $16.05, facing resistance and showing signs of potential exhaustion in the bullish run. Volume: There's a noticeable decrease in trading volume at this level, which could imply a lack of confidence in further upward movement, often a precursor to price corrections. Key Technical Indicators: Moving Averages (MA): Although NEO is above the 200-day MA, it's closely approaching a bearish crossover with the 50-day MA, hinting at weakening bullish momentum. If this crossover happens, it could signal the start of a bearish trend. Relative Strength Index (RSI): With an RSI around 65, NEO isn't in overbought territory yet, but there's a clear divergence where the price is making higher highs while the RSI isn't, suggesting momentum is fading. MACD (Moving Average Convergence Divergence): The MACD line is showing signs of a bearish crossover with the signal line, and the histogram is contracting, indicating diminishing upward momentum. This could lead to a MACD sell signal soon. Support and Resistance: The current price of $16.05 is nearing what could be seen as a significant resistance point. If NEO fails to break through, we might see a retreat to the support at around $15.50 or even lower to $14.00 if the support gives way. Chart Patterns: The price action recently resembles a double top or a potential head and shoulders pattern, both bearish reversal patterns. If confirmed, these could push NEO back down. Disclaimer: Always perform your own due diligence before making any investment decisions.
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