🚨 $NEO /USDT – Layer 1 Launch or RSI Fakeout? 🚀⚠️
$NEO is ripping at $5.69 (+7.77%), right near the 24h high of $5.72. Momentum is red-hot with RSI blazing at 93.15, but is this sustainable—or due for a cooldown?
📊 Market Overview
📍 Current Price: $5.69
📈 24h High: $5.72
❄️ 24h Low: $5.18
📊 Parabolic SAR: ~$5.22 (Uptrend firmly intact)
📉 MACD Momentum:
DIF: 0.18
DEA: 0.08
MACD: 0.21 (Strong bullish continuation)
📈 RSI(6): 93.15 – 🚨 Extremely Overbought!
📊 MA(5): 31.3K | MA(10): 28.3K (Rising volume confirms rally)
📈 NEO Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If NEO Holds Above $5.55):
Entry: Above $5.72
Targets: $5.82, $6.00, $6.25+
Stop-Loss: $5.41
🔹 Bearish Scenario (If NEO Breaks Below $5.41):
Entry: Below $5.41
Targets: $5.28, $5.15, $4.98
Stop-Loss: $5.72
🔍 Should You Hold or Sell?
✅ Strong MACD + volume confirms bullish strength
✅ Holding above $5.55 supports further upside
⚠️ RSI > 90 = expect sharp swings or potential profit-taking
💡 Pro Tip:
🚀 Break above $5.72 with volume could send NEO to $6.25+
⚠️ Consider scaling out if price stalls near $6 while RSI remains overheated
📢 Are you long on $NEO's L1 power move—or eyeing an exit? Let’s chat below! 🧠📈
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