A trendline got broken, and the price has pulled back to it—keep an eye on it for a possible move up .
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$NEO ⭐ buy and trade here 👇 {spot}(NEOUSDT) #NEO | Long | | Pullback Buy Setup + Strong BTC OI |
1️⃣ Quick Summary:⭐ NEO is showing signs of potential upside, but a pullback would offer a much better long entry. With solid fundamentals and BTC open interest holding strong, I’m watching for a second leg long setup.
🌞Entry Zone: Around $5.30 – waiting for a correction into this area TP1: $6.52 TP2: $8.76 Final TP: $23.11 (long-term target with strong fundamental backing)
🌞Stop Loss: Slightly below $5.00 to allow room for volatility
3️⃣ Key Notes:⭐ ✅ BTC open interest remains strong, and there's ongoing activity from institutional players—this could fuel upside movement. ✅ NEO is one of the OG Layer-1 chains, recently upgraded to N3, making it more scalable and developer-friendly. ✅ Watch out for market-wide volatility—if BTC dips hard, NEO might follow. ❌ If price never pulls back to $5.30 and just takes off, this setup is invalid. I won’t chase.
4️⃣ Follow-Up Plan:⭐ If the pullback plays out, I’ll post a follow-up with updated levels and structure.
⚙️ Risk: Use proper risk management — 3x–5x leverage recommended🌞
what is that means? if i dont transfer neo on wallet n3 i will lose everything?
Binance News
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Neo Announces Closure of Neo Legacy Network
According to BlockBeats, Neo has officially announced the upcoming closure of its Neo Legacy network. Launched in October 2016 as the AntShares mainnet, Neo Legacy has been operational for over eight years, contributing significantly to the Neo ecosystem. During its tenure, the network produced over 14 million blocks, supported 213 types of assets, processed more than 281 million transactions, and maintained nearly 3 million addresses.
The Neo Legacy testnet is scheduled to shut down on June 1, 2025, while the mainnet will cease operations on October 31, 2025.