$NEO Traders Caught Off Guard.

A massive $2.7729K long liquidation has been triggered at the critical price level of $13.76 sending shockwaves through the market. Here's what you need to know:

What Happened.

1. Long liquidation means traders who were betting on NEO’s price going up (long positions) faced forced closures due to sudden price drops.

2. The key liquidation price of $14.059 marked the level where buyers couldn't hold their ground, leading to a significant sell-off.

Impact on the Market.

Increased Volatility: The liquidation has added pressure on NEO, potentially dragging the price lower as the market adjusts.

Support Levels Tested: Traders are now watching closely for critical support zones that could stabilize the price.

Technical Analysis.

Current Price Trend: Bearish, as evident from the recent liquidation.

Key Support Zones: $13.80 and $13.50 – these levels could attract buyers if the sell-off continues.

Resistance Levels: $14.20 and $14.50 NEO needs to break through these to regain bullish momentum.

How to Trade Now.

Buy Zone: Watch for entries around $13.50-$13.80 for potential rebounds.

Target Levels: $14.20, $14.50, and $15.00.

Stop Loss: Place it below $13.30 to manage risks effectively.

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