【$NEO Signal】Pullback Buy Setup! 1H Retesting Key Support, Awaiting Bounce

$NEO 1H timeframe is retracing to the EMA20 and previous support cluster zone, forming a short-term accumulation structure. 4H timeframe holding above EMA50, overall trend intact—this pullback presents an excellent entry opportunity. Order flow shows solid bid depth, strong support below, negative funding rates favor longs.

🎯 Direction: Long

⚡ Entry/Limit Orders: 2.614 - 2.621

🛑 Stop Loss: 2.556

🚀 Target 1: 2.730

🚀 Target 2: 2.788

🛡 ️Trade Management:

- Execution Strategy: Upon reaching 2.730, reduce position by 50% to lock profits and move remaining stop loss to entry price 2.621. If price fails to break 2.730 and retreats below the lower band of entry zone, consider exiting for better setup.

Depth Logic: 1H RSI has pulled back from overbought into neutral territory, releasing sell pressure. 4H open interest remains stable with no signs of major fund exodus. Crucially, order book data shows buy orders densely clustered in the 2.614-2.621 zone, forming a strong support wall indicating clear intent by major players to defend the level. Combined with negative funding rates, short squeeze risk is low in the near term, creating conditions for a bounce.

View Live Chart 👇 $NEO

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