#NEONUSDT analysis-
After giving first breakout and retest and price goes into accumulation and formed based i.e. support before giving breakout.
After giving second breakout, price increased more than 300% from the second breakout level.
Price already taken support i.e. called FTB (first time back) which is shown in the chart.
1-If the price gives breakout above the swing high zone which is mark as red line and shown in the figure then we can initiate the buy entry. It can potentially move up more than 185% from the breakout level.
2- If price comes again to the support zone then we can initiate the entry around the support zone.
ENTRY 1-1.3826-1.3830
ENTRY 2- 0.9500-0.9550
SL- Below support zone i.e. around 0.6900-0.6999
TARGET- around all-time high i.e. around 3.98
After giving first breakout and retest and price goes into accumulation and formed based i.e. support before giving breakout.
After giving second breakout, price increased more than 300% from the second breakout level.
Price already taken support i.e. called FTB (first time back) which is shown in the chart.
1-If the price gives breakout above the swing high zone which is mark as red line and shown in the figure then we can initiate the buy entry. It can potentially move up more than 185% from the breakout level.
2- If price comes again to the support zone then we can initiate the entry around the support zone.
ENTRY 1-1.3826-1.3830
ENTRY 2- 0.9500-0.9550
SL- Below support zone i.e. around 0.6900-0.6999
TARGET- around all-time high i.e. around 3.98
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