Attention! 🚨
Opportunity $NEO short-term buy.
Support zone 5.40, coinciding with previous levels where we saw buying activity. Additionally, the moving averages (MA of 7, 25, and 99) are relatively close to the current price, which could act as dynamic support in the event of a bounce.
We observe an increase in demand in the order book, slightly exceeding supply at this moment. If this buying pressure persists and we see green candles confirming bullish momentum, we could anticipate a move towards the nearby resistance at 5.81.
Consider an entry near the current support, with a stop-loss adjusted below 5.30 to manage risk. The initial target could be the resistance at 5.81, aiming for potential short-term profit.
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