🚀 $NEO is showing a potential technical setup!

NEO is consolidating on the weekly timeframe after a prolonged downtrend, currently printing a potential reversal structure near historical lows.

📈 The Technical Setup:
• The Pattern: Falling Wedge / Reversal structure
• Short-term Target: $8.35
• Macro Objective: $13.00
• Market Structure: Reversal / Accumulation

🎯 Key Levels to Watch:
• Support / Accumulation Zone: $1.50 - $2.00
• Resistance: $3.86 - $4.82
• Breakout Level: $3.86
• Stop Loss / Invalidation: $1.50

📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Bullish reaction forming off historical lows
• Trend: Potential macro reversal following a prolonged downtrend

⚠️ Invalidation:
A decisive break below the $1.50 support zone would invalidate the bullish setup.

Patience is advised while monitoring key resistance levels for breakout confirmation.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

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