🚨 $NEO /USDT – Breaking Down or Prepping for a Bounce? Key Levels in Play!
$NEO is under pressure with a -5.40% drop, now hovering just above key Bollinger Band support. The question: breakdown continuation or a bounce play ahead?
📊 Market Overview
📍 Current Price: $6.48
📈 24h High: $6.87
❄️ 24h Low: $6.39
📊 24h Volume:
• NEO: 683,619.64
• USDT: $4.53M
Bollinger Bands (20,2):
• Upper Band: $6.82
• Mid Band: $6.59
• Lower Band: $6.36
MACD:
• DIF: -0.07
• DEA: -0.07
• MACD: -0.00 (Neutral, lacking momentum)
📈 NEO Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If NEO Holds Above $6.40):
• Entry: Above $6.50
• Targets: $6.75, $7.00, $7.35
• Stop-Loss: $6.25
🔹 Bearish Scenario (If NEO Loses $6.35 Support):
• Entry: Below $6.35
• Targets: $6.00, $5.75, $5.30
• Stop-Loss: $6.60
🔍 Market Analysis
✅ Price near Bollinger Band lower limit = Potential bounce zone
⚠️ MACD is flat = No clear momentum, trade with caution
✅ Volume relatively stable—watch for breakout or breakdown confirmation
💡 Pro Tip:
Watch the $6.40–$6.35 zone closely—this is make-or-break. A strong candle above $6.60 could shift bias bullish again.
What’s your play—buy the dip or wait for a breakout?
Drop your thoughts below!
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