NEO/USDT Chart Analysis

1. First Chart:

Through analyzing the price movement in the chart, we notice that the price reached a relatively low level at 4.31, with upward movement supported by green candles.

Currently, the price is close to 5.61. According to the SMC strategy, this could be a bearish trading zone if the price retraces below this level.

Recommendation: If there is a retracement to 5.44 or 5.31, this could be suitable for buying with a target near 5.66-5.80.

2. Second Chart:

The price has begun to show upward levels after bouncing from 5.13, but it is still far from the previous peak at 8.35.

With the price currently at 5.61, we might see a small correction downward with the possibility of returning to 5.50 or lower.

Recommendation: Wait for a buying opportunity if the price drops to around 5.50, targeting 5.80-6.00 for next week.

Summary: $NEO

Potential buying level: 5.50 - 5.44.

Potential selling level: 5.80 - 6.00.

Based on these predictions, it is advisable to closely monitor the price and make decisions based on future reversals.#PowellRemarks