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NEO/Bitcoin Forming a Triangle After a Pump - Breakout Pending

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  • First observation is the strong surge. It sets a bullish tone.
  • Secondly, price is holding above the 200- and 100-period simple moving averages in this 4H chart, which also maintains the bullish bias in the short-term.
  • Now after the correction, price has been essentially cooling off in a triangle. 
  • I think we can try and enter just above a common local support pivot at 0.0048. 
    Trade Plan with Reward to Risk:
  • Entry: 0.004850
  • Stop: 0.004460 (-8.04%)
  • Target 1: 0.005400 (+11.34%)
  • Target 2 0.006000 (+23.71%)
  • Target 3: 0.006500 (+34.02%)

NeosCoin/Bitcoin (NEOS/BTC) Approaching Range Support Area

Gas/Bitcoin in a Deep Retracement towards Rising Trendline