NEOUSDT 4H - Possible double top, waiting for retracement
Hi everyone,
Neo has formed a double top around 14 dollars, therefore I consider the chance of a retracement. A buy opportunity might come, starting from the 50% Fibonacci retracement. For less risk and major gains, I find more appealing the possibility of the 61.8% retracement, therefore I open a buy order at that level.
Buy entry: 8.63
Potential gains 60%
TP : 13.886
SL: 7.773
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Neo has formed a double top around 14 dollars, therefore I consider the chance of a retracement. A buy opportunity might come, starting from the 50% Fibonacci retracement. For less risk and major gains, I find more appealing the possibility of the 61.8% retracement, therefore I open a buy order at that level.
Buy entry: 8.63
Potential gains 60%
TP : 13.886
SL: 7.773
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.