đ $NEO
/USDT â Bullish Breakout Potential
Current Price: $7.510
24h Change: +0.41%
Chart Reference: 30m
đ Technical Levels
Support: $7.33
Immediate Resistance: $7.72
Breakout Zone: $7.95 â $8.00
Extended Resistance: $8.56
đŻ Trade Plan
Entry Zone: $7.48 â $7.55
Stop Loss: $7.28 (below support)
Targets:
T1: $7.72
T2: $7.95
T3: $8.20
T4 (extended): $8.56
đ Market Outlook
NEO/USDT is maintaining stability above the $7.33 support level while consolidating near $7.50. Momentum is gradually shifting toward buyers, and a sustained move above $7.72 could open the way for a bullish breakout.
A confirmed breakout above $7.95â$8.00 with increased trading volume would strengthen bullish momentum and potentially drive price toward the $8.56 resistance zone.
Overall, NEO/USDT is exhibiting early signs of a bullish reversal from its recent pullback, favoring breakout traders who manage risk effectively.
â ïž Risk Management Note
Wait for volume confirmation on the break of $7.72. Keep a tight stop at $7.28 to minimize downside exposure while maximizing breakout potential.