Hello,
NEOUSD is currently positioned at a compelling support level, presenting an attractive opportunity for risk-tolerant traders. Technical indicators are signaling a potential bullish reversal, with the MACD approaching a bullish zero-line crossover in the near term, suggesting strengthening momentum. Additionally, the RSI is nearing oversold territory, further supporting the case for a potential upward move.
For those comfortable with higher risk, we recommend allocating a small, diversified position in NEOUSD to capitalize on this setup. Should the price rebound to recent highs, this trade could offer a potential over 200% return on investment. However, given the inherent volatility, prudent risk management is critical to mitigate downside risk.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NEOUSD is currently positioned at a compelling support level, presenting an attractive opportunity for risk-tolerant traders. Technical indicators are signaling a potential bullish reversal, with the MACD approaching a bullish zero-line crossover in the near term, suggesting strengthening momentum. Additionally, the RSI is nearing oversold territory, further supporting the case for a potential upward move.
For those comfortable with higher risk, we recommend allocating a small, diversified position in NEOUSD to capitalize on this setup. Should the price rebound to recent highs, this trade could offer a potential over 200% return on investment. However, given the inherent volatility, prudent risk management is critical to mitigate downside risk.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Free stock markets analysis Telegram channel:
t.me/stocksfromtechnicaleye
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Free stock markets analysis Telegram channel:
t.me/stocksfromtechnicaleye
Paid trading group
patreon.com/thesharkke
Reliable broker
go.tradenation.com/visit/?bta=37130&brand=tradenation
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.