$NEO | Parsing the chart of 1W
So, having opened the weekly chart, we see that the asset is in a strong support zone. We also see that there has been a reversal upward movement since December 2022. Can the coin still go down and break the low? It might, but it is unlikely.
What I think: the position is purely an investment position, which means spot and no high leverage. Can I enter the trade from the current price - yes, you can.
Stop is tentatively at $10.17, and everything is much more interesting with the takes: $19.26, $25.71, $38.77, $48.56, $58.68, $65.53. With each take, it is possible to fix a part of profit.
Where to buy NEO — it is not everywhere, I would advise buying either on Huobi exchange or on CEX Gate.
