NEO - My Trading Plan in a picture!

26 Apr 2022

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

NEO is overall bullish trading inside the red channel and now approaching the lower trendline acting as non-horizontal support.

Moreover, the green area is a horizontal Support.

So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and the red trendline.

As per my trading style:
I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...)

And for the bulls to take over from a long-term perspective, we will need a break above the gray area covering the entire range / structure.

Unless NEO breaks the green zone downward aggressively, then it will become resistance again and a movement till the lower support would be expected (12.5 - 15.0)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich