🚨 Watch out for $NEO /USDT, traders! 🚨 The current price of $5.78 is interesting, but be careful, as the market always seeks to shake the unsuspecting. We have seen a maximum in 24h of $5.96 and a minimum of $5.55, which speaks to us of volatility. Pure manipulation to clear the way!
Although the 7-day average (MA(7)) is at $5.83 and the 25-day average (MA(25)) at $5.88, what is really striking is that MA(99) at $5.79. If we manage to break and stay above it with volume, we could see an interesting movement. That's where the whales' game gets good!
Pay attention to the volume, which has been a bit shy, but the difference between demand (51.07%) and supply (48.93%) shows us a small bullish bias... or at least that's what they want us to believe. Patience will be key, because these slow movements are sometimes to deceive.
If NEO manages to consolidate above $5.80, we could start thinking about a rally towards $5.90. But if we see a pullback below $5.70, watch out! It could be a trap to seek new supports. Don't get carried away by FOMO, always keep a clear head and manage your risk!
