$NEO /USDT – Longs Liquidated Below $6!
NEO just saw a long liquidation of $2.22K at $5.918, as price dropped below key psychological support, triggering a liquidation event and flipping momentum bearish.
📊 Current Price: $5.918
• 24H High: $6.045
• 24H Low: $5.870
📉 Market Structure:
• Breakdown below $6.00 triggering long liquidations
• Bearish shift as price forms lower highs
📍 Key Levels:
• Resistance: $5.980 – $6.050
• Support: $5.870 – $5.800
⚙️ Trade Setup:
• Short Entry Zone: $5.930 – $5.970
• TP1: $5.870
• TP2: $5.800
• TP3: $5.700
• Stop Loss: $6.080
Pro Tip: A failure to reclaim $6.00 could signal further downside as additional long liquidations may follow.
$NEO under pressure – watch for potential bearish continuation!
