NEO loosing steam v BTC? - Shorting Trade
I was looking for a good entry point for NEO but decided to short instead.
My main reasons;
How I will trade this;
1) If NEO gets rejected at 0.0142 and falls near to 0.0138, i'll short it, at least till 0.0120.
2) If (1) happens, I'll watch for the orange support channel line. If it breaks, I'll re-check the facts and short further more, while looking for a good entry point.
I am super new. Don't take my word for anything <3
My main reasons;
- MACD showing signs of bearish divergence.
- Low volume.
- BTC *might* start moving up strong.
How I will trade this;
1) If NEO gets rejected at 0.0142 and falls near to 0.0138, i'll short it, at least till 0.0120.
2) If (1) happens, I'll watch for the orange support channel line. If it breaks, I'll re-check the facts and short further more, while looking for a good entry point.
I am super new. Don't take my word for anything <3
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