NEO - Will the Bulls take over?

[theSignalyst]

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

NEO has been overall bullish trading within the flat rising channel marked in blue.

This week, NEO has been retesting the lower bound of the channel.

Moreover, the green zone is a strong support and structure.

Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the lower blue trendline and green support.

As per my trading style:
As #NEO approaches the blue circle zone, I will be looking for trend-following bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr