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

NEOS/BTC is in a sideways range. This is likely a period of accumulation after a period of bearish price action.

NEOS/BTC 4H Chart

click to enlarge

  • As we can see in the 4H chart, the outerbound of the range is roughly 0.000292750 and 0.00047190. 
  • I think we can start considering buying around 0.00034000.
    Trade Plan with Reward to Risk:
  • Entry at 0.00034000
  • Exit: 0.00028800 (-15.29%)
  • Target 1) 0.00045000 (+32.35%)
  • Target 2) 0.00049900 (+46.76%)
  • Target 3) 0.00058500 (+72.06%)
  • This is a high-risk-high-reward trade plan. It can also take a few weeks.
  • The accumulation can take longer than we think, but if we are right about the market gearing up for a short-term bullish correction, we have a strong reward to justify the risk and time. 

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