🟢 Future Bullish Trade Setup: NEO/USDT (1H Chart – Binance)
Chart Overview:
$NEO /USDT has been showing a clear bullish structure on the 1-hour timeframe. After a consolidation period, the price has broken above recent resistance levels, indicating strong bullish momentum building up.
🔍 Key Technical Insights:
Strong Bullish Momentum:
A large bullish engulfing candle broke through minor resistance, suggesting increased buyer interest.
Consecutive higher highs and higher lows confirm a short-term uptrend.$NEO
Volume Confirmation:
The breakout candle is supported by noticeable volume, indicating genuine buying pressure (you can highlight this with a volume indicator).
Breakout & Retest Zone:
Previous resistance near $6.74–$6.78 is now acting as support.
Price is currently retesting this zone, forming a potential launchpad for the next upward move.
Next Resistance Target:
Immediate upside target: $7.00–$7.10 range.
Further bullish continuation could see a move toward the $7.50 psychological level.
📈 Trade Setup (Hypothetical Example):
Entry Zone: $6.78–$6.86 (on bullish candle close above resistance)
Stop Loss: Below $6.60 (beneath the retest area)
Take Profit 1: $7.10
Take Profit 2: $7.50
Risk–Reward Ratio: ~1:2.5 (adjust depending on entry)
✅ Bullish Bias Justification:
Trend structure supports continuation.
Resistance breakout followed by consolidation near highs.
Market sentiment remains risk-on (you could tie this to BTC/ETH if relevant).