$NEO Short Liquidation Alert!

Liquidation Volume: $61,351

Liquidation Price: $5.622

Market Analysis:

I'm observing a significant short liquidation at $5.622, indicating that sellers were forced to exit their positions.

This could spark a brief bullish reversal.

Support: $5.50 – A critical safety net for buyers.

Resistance: $5.75 – The level to breach for continued upward momentum.

Trading Insights:

Buy Entry: Consider entering around $5.55, aiming for a rebound.

Sell Target: $5.70 – Secure profits cautiously.

Stop Loss: $5.45 – Minimize potential losses.

Next Move: If the price maintains above $5.62, it could test the $5.75 resistance.

But a break below $5.50 may lead to further downside. Stay vigilant.

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