Neo / BitcoinShort
New Low NEO...?
I rarely short crypto. But, this is too strong to ignore. Beautiful wave structure and a very clear stop out point for a low-risk high-reward trade. A stop is essential to this trade. No need to give it any more risk than the Wave-1 swing low. Note the yellow dashed line and where that puts the currently labeled Wave-4. Nice target gives a 5-to1 risk reward profile. I'm in with a tight stop just above the yellow line.
Crypto Trading and Education - goo.gl/AUxrWz
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Crypto Trading and Education - goo.gl/AUxrWz
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.