$NEO Long Liquidation Update
Long positions totaling $9.9042K were liquidated at $3.707, flushing late leverage and resetting short-term positioning.
Market Structure
Price is stabilizing around the liquidation zone, indicating selling pressure is being absorbed rather than accelerating. This reset keeps the bullish breakout scenario valid if demand holds.
Key Levels
Support: $3.70 – $3.58
Resistance: $3.88 → $4.15
Bullish Trade Setup
Entry: Break and hold above $3.88, or a strong reclaim from the $3.70 support zone
Targets:
TP1: $4.15
TP2: $4.45
Stop Loss: Below $3.52
Market Sentiment
The liquidation cleared weak longs and improved risk conditions. If buyers defend support and volume expands above resistance, momentum can rotate back in favor of bulls.
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