š„ NEOUSDT | Short-Term Market Update š
$NEO has experienced a sharp sell-off earlier and is now moving into a base-building / sideways consolidation phase. Price is stabilizing near support, suggesting preparation for the next directional move š
š Bullish Scenario (Buy Setup)
ā
Entry Zone:
3.75 ā 3.78
(Break and hold above the current consolidation resistance)
š Stop Loss (SL):
ā 3.65
(Below the recent range low)
šÆ Take Profit (TP):
š„ TP1: 3.88
š„ TP2: 4.05
š„ TP3: 4.25
ā”ļø Sustained breakout with volume can trigger a fast upside move š
š Bearish Scenario (Sell Setup)
If price gives a strong close below 3.65:
š Sell Targets:
š 3.55 ā 3.40 zone
This would indicate continuation of the bearish trend.
š§ Market Insight
ā¢ Short-term trend: Neutral ā Slightly Bullish
ā¢ Price is consolidating after a strong dump
ā¢ Volume expansion = breakout confirmation
ā¢ Avoid over-leverage during range trading