š„ $NEO /USDT ā Reversal Signal Forming! š
$NEO is bouncing hard from the $5.34 support zone, forming a bullish market structure on the 1H chart. Buyers are stepping in with strength, and if price breaks above $5.54 (24H high), we could see a sharp upside leg kick off toward key resistance levels.
š Trade Setup:
ā¢ Entry Zone: $5.46 ā $5.52
ā¢ Target 1 (TP1): $5.62
ā¢ Target 2 (TP2): $5.80
ā¢ Stop Loss (SL): $5.34
ā” Technical View:
Clean higher low formed with strong green candles. Price is tightening near resistance ā a breakout setup with volume building.
š” Risk Note:
If $5.34 breaks, structure shifts ā always respect SL and position sizing.
š Strategy Breakdown:
This setup rides the bounce from a well-respected support zone. Momentum is shifting bullish, and a breakout above range highs could open up a fast move toward mid-term resistance.
š¢ Follow @bullishbanteer for more sniper entries and breakout setups!