$NEO
/USDT BEARISH CORRECTION UNDERWAY AFTER FAILED BREAKOUT ATTEMPT
$NEO has faced multiple rejections near the 5.30–5.35 resistance zone, showing exhaustion in buying momentum. The price is now moving below short-term support levels, indicating the start of a potential correction phase. If sellers maintain control, a deeper retracement toward lower demand zones may follow.
Entry Zone: 5.10 – 5.20
Take Profit (TP1): 4.95
Take Profit (TP2): 4.80
Take Profit (TP3): 4.60
Stop Loss (SL): Above 5.35
Bearish divergence on RSI and a weakening MACD histogram suggest selling pressure is building. A 4H candle close below 5.00 would further confirm continuation toward lower targets as buyers lose strength near resistance.
#TechnicalAnalysis #BearishSetup #CryptoTrading #PriceAction #NEO
