The market seems to be convinced that Neo is in a bull market. Seeing a steep leg op since december (/BTC), it seems invincible. But the NEO/BTC chart also reveals another scenario. With a bullflag in its retracement, it might hit the 0.382 fib, bouncing for a bear trap to 0.236 fib. This is where you could take profit before seeing retracement to 0.0048 BTC levels on the 0.786 fib.
Depending on your style and position on NEO, you could short NEO from (B), or step in NEO on 0.01 to take the swing from A to B.
Depending on your style and position on NEO, you could short NEO from (B), or step in NEO on 0.01 to take the swing from A to B.