Today’s analysis – NEOUSDT – trading above its Local S/R with technical confluence, further upside is probable,
Points to consider, - Price Action Impulsive - Local S/R Support - Swing High Objective - Oscillators Neutral
NEOUSDT’s immediate price action is resting on support that has technical confluence with the .382 Fibonacci and the VWAP S/R/ Local S/R, allowing for a bullish bias.
The current objective is the swing high; exceeding this level increases the probability of a trend continuation.
Both oscillators are currently neutral, remaining in the bullish control zones is indicative of strength.
Overall, in my opinion, NEOUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps,
Thank you for following my work
And remember,
“Don’t blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah’