NEO trade idea

٦ يونيو ٢٠٢٢

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.