1. Summary

$NEO trading around $7.98 after a bounce up to $8.56 then slight pullback; 1H structure tilting bullish as price holds above support around ~$7.49 and short MAs are supporting. • The decision to continue is based on volume on 4H — if present, the upside opens; if not, it could easily return to test deeper.

2. Analysis

Technical: on 1H NEO just created a higher-high at ~8.56, price is currently holding above short MA and mid MA; immediate support $7.49–$7.50, nearby resistance $8.40–$8.60.

Basics: dev activity / narrative ecosystem (upgrades, partnerships) often acts as a catalyst for alts like NEO — this absorbs capital flow but does not replace volume/flow signals.

Sentiment: the market shows signs of slight FOMO after the pump but neutral RSI (~52) allows continuation if volume persists; watch whale/CEX flows to detect distribution.

3. Strategy

Entry:

  • Scenario A (Breakout — safe): probe/limit when 4H close > $8.60–$8.65 with significant 4H volume increase (confirming strength).

  • Scenario B (Pullback — realistic): probe buy $7.50–$7.65 if wick rejection and 1H reversal candle appear (placing orders, small scale-in).

Stop-loss: $7.10 (below the long MA / swing structure to avoid false stops but keep risk controlled).

Take-profit: TP1 = $8.40–$8.60 (take some profit around near resistance); TP2 = $9.20–$9.80 (extended target if momentum & volume continue). If volume is weak, adjust TP2 down to ~$8.90.

Exit triggers (early exit): surge in NEO transferred to exchanges (CEX inflows), collapse in volume after pump, or negative news about core upgrades → exit immediately. Use limit/probe orders to reduce slippage.