The market is going downward on NEO daily chart. It made lower lows and lower high and there is the old saying: “the trend is your friend”. Thus I am going to follow that trend.
The price is going up last few days and making its correction move and sooner the sellers will step in and the buyer start taking their orders. Those scenarios will push the price down and this is where I am going to sell as well. Moreover, there is a resistance level at 9.30, which is also same area as fibo 50%. The combination of both give a good probability setup.
The price is going up last few days and making its correction move and sooner the sellers will step in and the buyer start taking their orders. Those scenarios will push the price down and this is where I am going to sell as well. Moreover, there is a resistance level at 9.30, which is also same area as fibo 50%. The combination of both give a good probability setup.