NEO has broken through a very strong resistance which has been holding since November 2019. For reference, zoom out the chart to see the resistance more clearly.
A lot of crypto break outs are happening recently. Almost all of them continue their path up after said break out. This trade is based on that premise. Before entering, wait before the daily candle has closed above the resistance.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on round numbers, $40 and $50 respectively. Do your own due diligence.
Happy trading!
A lot of crypto break outs are happening recently. Almost all of them continue their path up after said break out. This trade is based on that premise. Before entering, wait before the daily candle has closed above the resistance.
On the chart Iâve marked two potential areas of resistance, R1 and R2. These areas are based on round numbers, $40 and $50 respectively. Do your own due diligence.
Happy trading!
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