$NEO UPDATE — REVERSAL WATCH IS ON.
NEO is now trading around $2.05, well below the original April setup near $2.61.
The old demand and target levels are no longer current, but the broader idea remains interesting: can NEO finally build a reversal after the extended decline?
Here’s what I’m watching 👇
Current price: ~$2.05.
Overall trend: Still bearish.
Key focus: Fresh demand and a potential higher low.
Bullish confirmation: Strong reclaim of the latest lower-high structure.
Bearish risk: Another breakdown could extend the downtrend.
For the bulls, patience is key:
➡️ Watch for a liquidity sweep or capitulation move.
➡️ Look for a strong reversal candle.
➡️ Confirm with increasing buy volume.
➡️ Wait for a higher low before chasing.
➡️ A reclaim of resistance would strengthen the reversal thesis.
If buyers successfully regain control, NEO could begin a broader recovery.
But until that happens, the bearish higher-timeframe structure remains a factor.
And for traders exploring decentralized execution, STON.fi DEX remains worth keeping on the radar within the TON ecosystem, offering a streamlined swap experience for navigating active market conditions.
The original setup expected a bounce from the $2.505–$2.613 demand zone.
NEO is now around $2.05.
Is this deep pullback setting the stage for a major reversal, or does NEO have more downside before buyers step in?
Let the price action confirm the next move.
$NEO $STON #NEO #STONfi #DeFi #Crypto #TON #Trading
Not financial advice. DYOR.
NEO is now trading around $2.05, well below the original April setup near $2.61.
The old demand and target levels are no longer current, but the broader idea remains interesting: can NEO finally build a reversal after the extended decline?
Here’s what I’m watching 👇
Current price: ~$2.05.
Overall trend: Still bearish.
Key focus: Fresh demand and a potential higher low.
Bullish confirmation: Strong reclaim of the latest lower-high structure.
Bearish risk: Another breakdown could extend the downtrend.
For the bulls, patience is key:
➡️ Watch for a liquidity sweep or capitulation move.
➡️ Look for a strong reversal candle.
➡️ Confirm with increasing buy volume.
➡️ Wait for a higher low before chasing.
➡️ A reclaim of resistance would strengthen the reversal thesis.
If buyers successfully regain control, NEO could begin a broader recovery.
But until that happens, the bearish higher-timeframe structure remains a factor.
And for traders exploring decentralized execution, STON.fi DEX remains worth keeping on the radar within the TON ecosystem, offering a streamlined swap experience for navigating active market conditions.
The original setup expected a bounce from the $2.505–$2.613 demand zone.
NEO is now around $2.05.
Is this deep pullback setting the stage for a major reversal, or does NEO have more downside before buyers step in?
Let the price action confirm the next move.
$NEO $STON #NEO #STONfi #DeFi #Crypto #TON #Trading
Not financial advice. DYOR.