Major $NEO Long Liquidation Alert
NEO Liquidation: $2,660.30K at $16.162 – Big moves happening in the market!
What Happened? Massive long liquidations have hit $NEO , as price action broke key support levels around $16.162. Traders holding long positions are feeling the heat as liquidations pour in.
What’s Next? With this sharp liquidation event, volatility is expected to continue. The market may experience a short-term pullback or consolidation.
Next Moves:
1. Short-term Watch: Keep an eye on $15.50 as a potential support level.
2. Bearish Trend: A further dip could bring NEO to retest $14.80 or lower, depending on overall market sentiment.
3. Bounce Risk: If we see a strong rejection below $16.162, a potential short-term rally could follow if buyers step in.
Caution: Ensure you're monitoring this closely. Volatility could spike, so manage risk carefully. Could be a great opportunity to buy the dip or short depending on your strategy!