Trade Recommendation: NEO

Based on the 4H chart, we can draw a reversal chart pattern like a double bottom. It’s a signal that the market is going to continue the previous uptrend. Pending orders for buy should be placed above the local swing high at 41.50 level. Stop orders must be below 30.00 level. Profit targets should be at 52.50 and 60.00 levels. Also the part of long positions can be left for long run. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Buy: 41.50
Stop: 29.90
Profit Targets: 52.50 and 60.00

The trading signal is based on Bittrex chart.

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.