$NEO $NEO 2h | Technical Outlook
- The trend will most likely remain bearish unless there is a strong reversal sign after a liquidity grab below 1.936. If price sharply sweeps below 1.936 and quickly reclaims it, I’d expect a move towards the 2.017 and 2.074 areas first, potentially extending toward the 2.112–2.146 inefficiency zone if momentum picks up.
- For a long setup: Wait for price to sweep under 1.936, then reclaim it with a bullish engulfing or strong pin bar on the 15m or 30m chart. Enter after confirmation, targeting 2.017, then 2.074, and possibly 2.112 as take-profits. Place your stop-loss at the next significant swing low after the sweep.
- For a short setup: If price rallies to 2.074, 2.112, or even 2.146 and prints a clear bearish reversal (like a rejection wick, bearish engulfing, or supply absorption on lower timeframes), consider shorting from there targeting back towards 1.985 and 1.936, with stop-loss above the most recent swing high.
- If price closes firmly above 2.211 (a key resistance and inefficiency fill area), that would change my bias to bullish, with targets at 2.241 and 2.346.
- Always wait for confirmation such as a strong candlestick pattern, clear rejection, or lower timeframe trend shift before entering any trade.
📊 Need a second opinion before trading?
Get a free AI analysis on Finora → tinyurl.com/FinoraBot
#NEO