NEOBTC: Two Scenarios

Neo have been holding its current price level quite well, which is the 61.8 fibs level. This level typically shows great support and resistance. But that alone is not enough to place a trade. For a few weeks now, NEO have been consolidating regardless of all the FUD going on in China. This shows us that investors believe in NEO's future. I do not see NEO going down to the .0025. But in case it breaks below the trendline, it can become a possibility before we see more upside.

I am currently long in this position. What are your thoughts?

Trade with care.