Im watching NEO as buy opportunity on the chinese regulations pullback. Its price currently sits at the .61 retrace. however after this massive rallye and the strong BTC im rather looking for the 65day line to enter a position which would also be around the breakout level at 0.0055
oftentimes 50 day doesnt hold but prices then recover from the 65day after some traders stopped there position below the 50day.
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this is my scenario. lets see if i can get it for 550k
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040 would have been a decent spot for an intraday trade. but im not catching the knive. i can imagine somehting like that next for neo if some more chinese news put some pressure on this chinese ico platform without ico. There will be a solution in the long run between neo and the chinese gov in some point in time.
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