Trade Recommendation: Neo

If the price bounces from the support zone formed by SMA100 and 50.00 support level, we should be ready to catch a possible upward movement. Pending orders for buy can be placed above the previous swing high at 66.50 level. If the price breaks this level, we’ll get an additional signal confirming that the market is going to continue the uptrend. Stop orders must be placed at 48.50 level. The main profit target is 100.00 level but the part of profit can be fixed at 80.00 resistance level. If you don’t use leverage, trading volume for this trade is up to 5% from your deposit.

Buy: 66.50
Stop: 48.50
Profit Targets: 80.00 and 100.00

The trading signal is based on Bittrex chart.
Disclaimer: The analyst does not have investments in Neo.

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.