🚀 NEO at support: preparing for a new impulse?
After the impulsive movement, NEO/USDT began a healthy pullback and is now testing the EMA21 zone (~2.89). The price is compressing near dynamic support, which often becomes a point of trend continuation. Indicators show weakening momentum, but the market is approaching the oversold zone. This is the moment when it is decided — will we get a bounce and continue to rise or will we see a deeper correction.
📊 Briefly on indicators
• EMA21 — price is held near dynamic support
• MACD — weak bearish crossover, momentum is slowing down
• RSI (35.7) — close to oversold, a bounce is possible
• Stochastic — forming a potential reversal upwards
📈 Trading plan
Main scenario: LONG from the EMA21 zone with momentum continuation.
Targets:
🎯 3.00 — +3.7%
🎯 3.10 — +7.2%
🎯 3.20 — +10.6%
Entry points:
🔹 Conservative: confirmed bounce from 2.89 (EMA21)
🔹 Aggressive: position build-up in the 2.80 zone
Stop-loss:
⛔ 2.68 (below local support)
⚡ Summary
NEO is at a decision-making zone. Holding the EMA21 may trigger a new impulse and update local highs. Losing this zone will open the way to a deeper correction.
Trading 👉$NEO
After the impulsive movement, NEO/USDT began a healthy pullback and is now testing the EMA21 zone (~2.89). The price is compressing near dynamic support, which often becomes a point of trend continuation. Indicators show weakening momentum, but the market is approaching the oversold zone. This is the moment when it is decided — will we get a bounce and continue to rise or will we see a deeper correction.
📊 Briefly on indicators
• EMA21 — price is held near dynamic support
• MACD — weak bearish crossover, momentum is slowing down
• RSI (35.7) — close to oversold, a bounce is possible
• Stochastic — forming a potential reversal upwards
📈 Trading plan
Main scenario: LONG from the EMA21 zone with momentum continuation.
Targets:
🎯 3.00 — +3.7%
🎯 3.10 — +7.2%
🎯 3.20 — +10.6%
Entry points:
🔹 Conservative: confirmed bounce from 2.89 (EMA21)
🔹 Aggressive: position build-up in the 2.80 zone
Stop-loss:
⛔ 2.68 (below local support)
⚡ Summary
NEO is at a decision-making zone. Holding the EMA21 may trigger a new impulse and update local highs. Losing this zone will open the way to a deeper correction.
Trading 👉$NEO
