【$NEO Signal】Pullback for longs! 1H retesting key support, awaiting bounce

$NEO 1H timeframe is retesting the EMA20 and previous support cluster zone, forming a short-term accumulation structure. The 4H timeframe is holding above EMA50, with the overall trend intact. This pullback is an excellent opportunity to build positions. Order flow shows strong bid depth, robust support below, negative funding rate favoring longs.

🎯 Direction: Long

⚡ Entry/Pending Orders: 2.614 - 2.621

🛑 Stop Loss: 2.556

🚀 Target 1: 2.730

🚀 Target 2: 2.788

🛡 ️Trade Management:

- Execution Strategy: Once price reaches 2.730, reduce position by 50% to lock in profits and move the stop loss of remaining position up to entry price 2.621. If price fails to break 2.730 and pulls back below the lower end of entry zone, consider exiting to reassess.

Deep Analysis: The 1-hour RSI has retreated from overbought zone to neutral territory, releasing some selling pressure. The 4-hour open interest remains stable with no signs of significant capital outflows. Critically, order book data shows abnormally dense buy orders in the 2.614-2.621 zone, forming a strong support wall with obvious whale protection intent. Combined with the slightly negative funding rate, short-term squeeze risk for bears is low, creating conditions for a bounce.

Check live charts 👇 $NEO

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