sarged

NEO short setup

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BITFINEX:NEOUSD   ネオ/米ドル
NEO despite being oversold generally and having volatile run ups recently, has been continuously rejected. Even after shooting a crazy wick 20% above the resistance.
On a longer time-frame it is trying to form an ascending channel and it should be generally bullish as long as it remains in it. But short term it will likely seek support a bit lower than it is now. I encourage safe trading.
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