NEO Buying Weakness or Selling the False Hope
Is NEO relatively a good entry at this stage?
Unclear at this point, however it 's a bit early to start buying when we break out of the structure at the 0.236 and quickly return to the "support"
The 0.236 is a fib where most shorts place take profits/cover their positions, however it is sometimes used by algos to prevent them from profiting any further on the downslide
Unclear at this point, however it 's a bit early to start buying when we break out of the structure at the 0.236 and quickly return to the "support"
The 0.236 is a fib where most shorts place take profits/cover their positions, however it is sometimes used by algos to prevent them from profiting any further on the downslide
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.