NEO more downside maybe

Neo has been the easiest alt to trade lately. I was so unfortunate to close my short early because I was not confident and then bitcoin lost all its support like there wasn't any. Anyway the current formation looks like a bear flag and I think 7.30 is a good entry. As you can see there is lots of overhead resistance. My Stop loss is 7.43. Good luck.

Note

Broken up along with Bitcoin. I will wait for this candle and then evaluate

Note

Looking like it wants to still go down but bitcoin looking strong. Really difficult price action here.

Note

Taking half of the position off here at 7.16 for a 1.91% profit.

Trade closed manually

Fully closed at 7.22

TheDigitalStonks

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

TheDigitalStonks

Also on: