$NEO /USDT

📊 NEO/USDT Technical Overview

Current Price: $5.56

24h High: $5.78

24h Low: $5.45

Volume (NEO): 418,937

Volume (USDT): 2.35M

Change: +1.83%

Category: Layer 1 / Layer 2

🔍 Key Levels (Support & Resistance)

TypePriceImmediate Resistance$5.78Major Resistance$5.84Current Price$5.56Immediate Support$5.45 – $5.50Key Support Zone$5.14 – $5.37Strong Support Floor$4.91 – $5.14

✅ Best Trade Setup (Short-Term Swing)

🔹 Buy (LONG) Entry Strategy

Entry Zone: $5.45 – $5.52 (Buy the dip near support)

Target 1: $5.78 (test previous high)

Target 2: $5.84 (if breakout occurs)

Target 3 (extension): $6.05 – $6.15 (if BTC remains bullish)

Stop-Loss: $5.35 (below key local support)

📈 Why This Trade Works

Steady bullish momentum (+1.83%) with healthy volume.

Price is forming a higher low near $5.45, suggesting trend continuation.

Layer 1 coins often react positively when Bitcoin stabilizes or rises.

⚠️ Avoid Entry If:

Price breaks below $5.35 with strong volume (bearish confirmation).

BTC/ETH dump or break key supports.

NEO volume drops below 200K on 4h candles — signals weakness.

🔧 Pro Tips

On the 1h or 4h chart, look for:

Bullish engulfing candles near $5.45–$5.50 = buy confirmation.

MACD crossover and RSI climbing from 45–55 range.

If $5.84 is broken with volume, scale in for a swing trade to $6.10–$6.20.

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