NEO trade idea
Overextended and rejecting from channel top and bottom of previous bearish block formed on the hourly chart, NEO is on the way to offer a new entry opportunity.
If we get scenario A (reject on 0.5F) we will not enter any longs because of the low RR
If we get scenario B(break through 0.5F) we will activate a DCA trade that has two open orders between 0.5 and 0.618 and a lower one near the last bullish block.
If we get scenario A (reject on 0.5F) we will not enter any longs because of the low RR
If we get scenario B(break through 0.5F) we will activate a DCA trade that has two open orders between 0.5 and 0.618 and a lower one near the last bullish block.
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