🧨 $NEO /USDT at Crucial Zone — Will History Repeat or Break?
NEO is currently trading at $5.95, hovering just above the key support range of $5.90 – $5.50, where it previously rebounded. However, overall structure remains bearish, with lower highs forming consistently since its $11.29 peak.
📊 24H Snapshot: • High: $6.23
• Low: $5.91
• Volume: 912K NEO
🔍 Insights: • Price is trapped in a sideways pattern after months of decline.
• A drop below $5.90 could trigger a sharp fall toward $5.50, or even $4.80.
• Bullish breakout above $6.25 needed to regain momentum.
📈 Forecast: If NEO holds $5.90, we may see a bounce toward $6.40+.
But if broken, expect a quick flush to $5.50 or lower.
🧠 Smart Plan:
Watch for volume spikes and candle reactions at $5.90. Risk-tight short entries could perform well if $5.90 cracks.
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