Hello Traders. I hope you are having a great weekend.
Today I am looking at NEO`s chart on daily timeframe and as you can see there is a descending line ahead of the price which should be
broken if the price wants to go higher. Best time to buy is when it breaks it with good volume then pullbacks to the yellow area with the target shown.
SL could be around 18$.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
Thank you guys for reading my idea on NEO and don`t forget to comment what you think. ✌
Today I am looking at NEO`s chart on daily timeframe and as you can see there is a descending line ahead of the price which should be
broken if the price wants to go higher. Best time to buy is when it breaks it with good volume then pullbacks to the yellow area with the target shown.
SL could be around 18$.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
Thank you guys for reading my idea on NEO and don`t forget to comment what you think. ✌
Comment:
Descending trendline is broken. You can either get in in the pullback or after breaking the yellow resistance.
Comment:
So it perfectly pulled back to trendline and is working on the resistance.
Trade closed manually
