NEO/USDT Update: 70%bagged. Consolidation before 130$ breakoutWe could bag 70% from our last entry and take partial profits around 130$.
NEO as any other coin is suffering from the market dip and is testing the 0.3Fib again.
If the bearish news and all the FUD around this dip stops we are likely to see some more upside movement.
NEO just started its longterm recovery.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
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ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
