$NEO/USDT 4h (Binance Futures) Inverted Head & Shoulders retest

3 Mar 2021

Neo seems to be preparing for next bullish move, after a clear retest of the iHnS neckline!
Also, we can see that 100EMA is supporting it so even more reason to enter a swing trade now.

Current Price= 39.780
Buy Entry= 39.752 - 39.152
Take Profit= 48.981 | 64.997 | 99.482
Stop Loss= 34.689

Risk/Reward= 1:2 | 1:5.36 | 1:12.6
Expected Profit= +48.30% | +129.50% | +304.32%
Possible Loss= -24.14%

Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 2x
Estimated Gain-time= 1 month

10 Mar 2021

İşlem aktif

All entries filled

Neo had a pretty bad start but managed to break out of the triangle and to regain 100EMA support.
I think this trade could take way more time than I originally expected so I am taking some partial profit manually here!

17 Mar 2021

İşlem kapandı: hedefe ulaştı

🎯NNEO/USDT 4h: TP1 reached with +28.34% and +1.17R

#Neo following my brush drawing nicely, we decided to lower the 3 targets since it's taking longer.
Risk/Reward ratios are still quite interesting, as shown in the chart!

8 Nis 2021

İşlem kapandı: hedefe ulaştı

TP3 reached with +129.50% and +5.36R

After dipping back to buy zone, Neo pumped again stronger this time.
Original last target at 99.482$ is still likely to be reached for mid-term!