Here’s a detailed technical analysis and trade outlook for
$NEO /TRY
🧾 NEO/TRY Snapshot
💰 Current Price: 242.3
📈 24h Change: +0.46% (Rs1,688.35)
🔼 24h High: 253.2
🔽 24h Low: 237.6
📊 Volume (NEO): 8,848.20
📊 Volume (TRY): 2.18M
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🔍 Key Price Levels
Type Price (TRY)
🔼 Resistance 246.8 → 250.4 → 253.2 → 254.1
⚖️ Current Price 242.3
🔽 Support 239.5 → 236.7 → 235.8
🧱 Strong Support 234.0 (psychological)
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📊 Technical Overview
✅ Price Recovery: Bounced from low of 237.6 and holding above 240 zone
⚠️ Approaching Resistance: 246.8 – 253.2 is a supply zone, could stall if volume doesn’t rise
📉 Low Daily Range: Only ~6.5% difference between low/high, suggesting tight consolidation
🔄 Sideways Action Likely unless a breakout occurs
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💡 Trade Scenarios
🔹 Breakout Setup
Entry: Above 253.5
Target 1: 262
Target 2: 272
Stop-Loss: Below 246
💡 Watch for strong 1h candle close with above-average volume.
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🔸 Support Bounce Setup
Buy Zone: 236 – 239
Target: 246
Stop-Loss: Below 234
💡 Ideal if price retraces into the support cluster and holds.
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🔁 Trend Summary
Metric Status
🟢 Trend Slight Bullish (Short-Term)
⚠️ Momentum Weak – needs volume for continuation
📉 Risk Low unless it breaks below 235.8
🔮 Bias Neutral → Bullish on confirmed breakout
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✅ What to Watch Next
🔍 Volume Spikes on 15m / 1h chart
📊 RSI or MACD Divergence if available
📈 Break and Hold above 250–253 zone
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