💎 NEO has recently encountered significant market dynamics, currently facing resistance. A breakthrough above this level is crucial for NEO to regain bullish momentum and continue its upward movement towards our target area.
💎 However, if NEO fails to overcome the resistance and experiences rejection, it may retreat to test support levels around $13.5 or even potentially drop further to the demand area around $10 if the support is breached.
💎 When NEO reaches the demand area, a bounce is necessary as this level holds significant importance. Failure to sustain the demand zone would signal a bearish sentiment, potentially leading to further downward movement in NEO's price.
💎 However, if NEO fails to overcome the resistance and experiences rejection, it may retreat to test support levels around $13.5 or even potentially drop further to the demand area around $10 if the support is breached.
💎 When NEO reaches the demand area, a bounce is necessary as this level holds significant importance. Failure to sustain the demand zone would signal a bearish sentiment, potentially leading to further downward movement in NEO's price.
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Disclaimer
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Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.