lsutoomaha

NEO now has parabolic potential on the daily chart

Long
lsutoomaha Updated   
BITTREX:NEOUSD   None
I have no emotional attachment to this coin one way or another. If you look back a few weeks ago, we shorted it to the low 11s. However, given the recent resurgence of those lows, NEO clearly has a shot at a parabolic movement upwards. Maybe it will coincide with the platform upgrade to 3.0. It is very important to have a stop loss, maybe if the coin dips under 10 (break of parabolic advance) for a few consecutive daily closes, because these things can go either way. The R/R definitely favors a heavy long here.
Comment:
Failed. Maybe we get another shot at this some day.
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.