Resumed NEO Trading with Tight SL (Is this correction?)

Now I am going to retest the NEO buying potential and added a long position on BINANCE with a tight SL.

I potential going to attempt to SL efforts:

a) Buying at 14.710, SL = 13.75

b) Buying 10-11 Range, SL=-8%

Upside extension is the restest of the recent high but first profit taking near 20.

If the impulsive wave (final surge) continues, it will retrace 23.6% near 50.

Good bet here!!!

Note

Nearly saved the SL today as NEO tried to break below 14 but failed so far, thanks to stock market push.

I keep holding the same position and it is very likely that I will book minor losses if it breaks below 13.75. Contrarily, the rise may resume if the presidential elections turn in favor of global expectations.

Trade closed: stop reached

SL Triggers, now looking to the next dip below 50-period EMA on weekly. Potentially a spike to 10.86 will be a big help.

Note

Since bitcoin surges, alts will follow up. Good to buy NEO again near 50W average now and target a retest of 20+.

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20+ hits, and now patiently waiting for an extension and final surge:

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NEO trade is still valid and an extension to 49 given BTC holds above 20K remain on the table:

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NEO is going to retest the main hurdle 30,

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still long on NEO and still expecting it to break the big resistance 30+/- and seeking near 50 for the next consolidation.

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NEO is nicely settled to break 50 as originally thought months ago. This breakout can be stronger than one can think and NEO can be 100+. Nice position to book some profits:

Trade closed: target reached

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