$NEO /USDT – Short Trade Signal Alert! 🚨
Current Price: $6.73
$NEO recently hit a 24H high near $6.80 but faced a sharp rejection, evidenced by strong red candlestick formations and declining buying volume. The chart is now showing clear lower highs, suggesting that selling pressure is building.
Short Trade Setup:
Entry Zone: $6.70 – $6.73
TP1: $6.60
TP2: $6.52
TP3: $6.44
Stop Loss: $6.78
Market Insight:
The rejection at $6.80 indicates that buyers are losing control, and sellers are stepping in with force.
A drop below $6.70 with a confirming red candle could pave the way for further declines.
Volume analysis supports the bearish narrative, showing decreasing buyer interest on pullbacks.
Pro Tip: Wait for a strong confirmation candle to close below $6.70 before entering. Once the move is in, consider scaling out at the profit targets to lock in gains as the downtrend gathers momentum.
Short smart – stay disciplined and manage your risk tightly!
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