$NEO /USDT – Rejection From the Top = Short Signal! 🔻
Current Price: $5.46 (-0.36%)
$NEO pumped hard but failed to hold above $5.60 – showing strong seller presence at the top.
Key Levels
• Resistance: $5.60 / $5.75
• Support: $5.30 / $5.10
Short Setup
• Entry Zone: $5.48 – $5.58
• Targets:
• TP1: $5.30
• TP2: $5.10
• TP3: $4.95
• Stop Loss: $5.65
Market Insight
After a sharp move up, price faced instant rejection from the local top — no consolidation, just a reversal wick. Momentum likely cooling.
Pro Tip
If NEO retests $5.55 with weak volume or wicks, it’s a prime short entry. Use tight SL above $5.60 structure.
Short the spike, ride the drop — watch NEO unwind!
$NEO
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