๐Ÿšจ $NEO /USDT โ€“ Layer 1 Bounce or Bull Trap? โš™๏ธ๐Ÿชค

$NEO just bounced +4.04% to $6.96, recovering from a $6.54 dip, but still under key resistance. Is this the start of a new Layer 1 move, or just noise before another drop? Letโ€™s dig in. ๐Ÿ‘‡

๐Ÿ“Š Market Overview

๐Ÿ“ Current Price: $6.96

๐Ÿ“ˆ 24h High: $7.30

๐Ÿ“‰ 24h Low: $6.54

๐Ÿง  RSI(6): 35.02 โ€“ Mildly oversold, climbing from the bottom

๐Ÿ”น MA(7): 7.10

๐Ÿ”น MA(25): 6.95

๐Ÿ”น MA(99): 6.59

๐Ÿ”ธ Volume (NEO): 1.45M

๐Ÿ”ธ Volume (USDT): 10.13M

๐Ÿ“Š Current Vol: 78,287.53

๐Ÿ“ˆ MA(5): 62,976.76

๐Ÿ“ˆ MA(10): 63,254.72

๐Ÿ“ˆ NEO Trade Setup โ€“ Watch This Zone Closely

๐Ÿ”น Bullish Scenario (If NEO Holds Above $6.90):

Entry: $6.96โ€“$7.05

Targets: $7.30, $7.55, $7.80+

Stop-Loss: $6.60

๐Ÿ”ป Bearish Scenario (If NEO Falls Below $6.60):

Entry: Below $6.60

Targets: $6.25, $6.00, $5.85

Stop-Loss: $7.10

๐Ÿ” Hold or Sell?

โœ… NEO trading above MA(25) and near MA(7) = consolidation zone

โš ๏ธ RSI < 40 suggests weak trend strength โ€” still indecisive

๐Ÿ“‰ Rejection at $7.30 again could trigger a drop back to $6.50

๐Ÿ’ก Pro Tip:

๐ŸŽฏ If NEO breaks $7.30 with strong 1H candle + RSI > 45, it could retest $7.80 quickly

๐Ÿšซ No momentum? Expect sideways chop or fade back to 6.50โ€“6.20 support

๐Ÿ“ข Are you stacking NEO or sitting this one out? Share your trade thesis below!

๐Ÿ”ฅ LIKE & SHARE for more actionable, clean trade setups! ๐Ÿ’ผ๐Ÿ“ˆ

$NEO

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