$NEO From 2.684 falling back to 2.511, down 4.56% over 24 hours.
This is not a complete trend reversal—
it’s a shakeout of positions (clearing out chips) after a rapid surge on the daily chart.
Price is still above the daily EMA20 at 2.282 and the EMA200 at 2.285, but the 4-hour MACD bearish momentum has expanded. In the past ~4 hours, the buy-sell imbalance based on active orders is only 0.727, and the large-holder long position ratio has reached 73.7%.
Longs are overcrowded. Near 2.50, it’s not yet considered “safe” positioning.
Left-side long area: 2.400—2.460.
Extreme add-on zone: 2.350—2.380.
Forced invalidation level: 2.310.
Recovery target: 2.610; main target 2.668—2.684; extension target 2.780.
As long as 2.31 does not break, the daily bullish structure remains. If it breaks below 2.31, this up-move structure is invalidated.
This is not a complete trend reversal—
it’s a shakeout of positions (clearing out chips) after a rapid surge on the daily chart.
Price is still above the daily EMA20 at 2.282 and the EMA200 at 2.285, but the 4-hour MACD bearish momentum has expanded. In the past ~4 hours, the buy-sell imbalance based on active orders is only 0.727, and the large-holder long position ratio has reached 73.7%.
Longs are overcrowded. Near 2.50, it’s not yet considered “safe” positioning.
Left-side long area: 2.400—2.460.
Extreme add-on zone: 2.350—2.380.
Forced invalidation level: 2.310.
Recovery target: 2.610; main target 2.668—2.684; extension target 2.780.
As long as 2.31 does not break, the daily bullish structure remains. If it breaks below 2.31, this up-move structure is invalidated.