🚀 $NEO
LONG SETUP 🚀
NEO just broke out of a long base above its 99 MA with a big volume surge, and is now pulling back from the spike high. I’m watching for a long on a dip into the breakout zone, not chasing the current candle. 📈
Entry: $2.480 – $2.530
TP1: $2.600
TP2: $2.680
TP3: $2.760
SL: $2.420
🔺 Why NEO is on watch:
Price ($2.586) is above the 7 MA ($2.424 on the crosshair candle, now higher), the 25 MA ($2.397) and the 99 MA ($2.428), with the 99 MA flattening after a long decline The structure shows a clean breakout from the base near $2.251, with higher lows into the spike and a strong volume surge on the move The pullback from the spike high (near $2.67) is the first dip after the breakout, so a retest of the old range top and MAs is the logical entry area The 7 MA is the first support, with the $2.480 to $2.530 breakout zone as the dip-buy area. A 1H close under $2.420 would invalidate the setup.
Not financial advice. DYOR.
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LONG SETUP 🚀
NEO just broke out of a long base above its 99 MA with a big volume surge, and is now pulling back from the spike high. I’m watching for a long on a dip into the breakout zone, not chasing the current candle. 📈
Entry: $2.480 – $2.530
TP1: $2.600
TP2: $2.680
TP3: $2.760
SL: $2.420
🔺 Why NEO is on watch:
Price ($2.586) is above the 7 MA ($2.424 on the crosshair candle, now higher), the 25 MA ($2.397) and the 99 MA ($2.428), with the 99 MA flattening after a long decline The structure shows a clean breakout from the base near $2.251, with higher lows into the spike and a strong volume surge on the move The pullback from the spike high (near $2.67) is the first dip after the breakout, so a retest of the old range top and MAs is the logical entry area The 7 MA is the first support, with the $2.480 to $2.530 breakout zone as the dip-buy area. A 1H close under $2.420 would invalidate the setup.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!