NEO/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 48.505, 49.914, 50.000.
Key Support Levels: 44.236, 41.400, 36.616.
The price on the higher time frame found support around the 44.000 USDT mark where huge wicks are left to the downside. Higher lows has been seen as well where a potential reversal and a move to the upside might begin signaling the end of a pullback.
NEO/USDT (Futures) Medium-Term Trend: Bullish
On the lower time frame, the coin succeeded to break the descending channel formation to the upside after posting a double bottom near the support level. A lower correction could be seen to the highlighted zone before a new impulsive wave toward the target profit.
Buy Limit Order @ 44.518
TP 1 @ 48.342
TP 2 @ 49.914
Stop Loss @ 42.632
Trade Safely 🙂