$NEO is a strong bullish structure on the 1D chart, with price currently around $2.684 after a sharp move upward.
The recent candles show strong buying pressure, although price is now facing resistance near the $2.75–$2.80 zone. If buyers break and hold above this area, the next upside move could gain momentum. On the downside, $2.64 is an important short-term support, while $2.50–$2.60 is a stronger zone to watch. 🥳
The overall trend remains positive, but after such a fast rally, a pullback or consolidation would be normal. Volume and daily candle closes should be monitored for confirmation.
The recent candles show strong buying pressure, although price is now facing resistance near the $2.75–$2.80 zone. If buyers break and hold above this area, the next upside move could gain momentum. On the downside, $2.64 is an important short-term support, while $2.50–$2.60 is a stronger zone to watch. 🥳
The overall trend remains positive, but after such a fast rally, a pullback or consolidation would be normal. Volume and daily candle closes should be monitored for confirmation.
