Here's a quick $NEO /USDT weekly analysis and trade setup based on the data you've provided:

📊 NEO/USDT Weekly Snapshot (1W TF, Binance)

Current Price: $7.35

Weekly Open: $7.11

High: $8.35

Close: $7.35

Change: +3.38%

This looks like a weekly rejection wick — price attempted to break higher ($8.35) but closed lower, signaling possible weakness or profit-taking at resistance.

🔍 Chart Context (1W)

Major Resistance: $8.30–$8.50

Support Levels:

$6.90 (weekly base support)

$6.00 (multi-month demand zone)

Mid-Level Pivot: $7.50 (historical flip level)

Trend:

Still ranging since late 2023

Momentum cooling off below $8.50 zone — multiple rejections

✅ Bullish Setup (Only on Pullback or Breakout)

Option 1: Pullback Entry

Entry: $6.90–$7.10 (support reload zone)

SL: Below $6.60

TP1: $7.90

TP2: $8.50

TP3: $10.00+

Option 2: Breakout Entry

Trigger: Weekly close above $8.50 with strong volume

Entry: $8.60+

TP1: $10.20

TP2: $12.00+

SL: Below $8.20

❌ Bearish Setup (Mean Reversion)

Short Entry: If price rejects again from $8.30–$8.50

Confirmation: Bearish engulfing weekly candle or high-volume rejection

TP1: $7.00

TP2: $6.00

SL: Above $8.60

📌 Notes:

Weekly candle shows indecision — wait for confirmation before committing to a trend direction.

NEO is historically volatile, so wide stops and scaled entries are ideal.

Macro range is $6.00–$12.00, meaning there’s upside potential — but not without strong momentum.

Would you like a TradingView markup or a daily timeframe trade plan?

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