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NEOUSD (1W) - buy the dip
Hi traders,
Here it is my idea for a long position on NEOUSD (1 week time frame).
the price hit a local high in April 2024 and hit another local high in November 2024, after that the price bounced back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The best would be if the price will hit the SMA in the buy area and use it as a support too. The buy area is between 12.11 and 10.76.
We put our first take profit at the level of the last high, at 23.52. The second take profit will be at 28.01 when the price hit a local high in March 2022.
Good luck!
Here it is my idea for a long position on NEOUSD (1 week time frame).
the price hit a local high in April 2024 and hit another local high in November 2024, after that the price bounced back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The best would be if the price will hit the SMA in the buy area and use it as a support too. The buy area is between 12.11 and 10.76.
We put our first take profit at the level of the last high, at 23.52. The second take profit will be at 28.01 when the price hit a local high in March 2022.
Good luck!
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