NEOUSDT broke below its micro ascending broadening structure in what appears to be a strategic deviation to trigger stop-loss liquidity. Following this flush, price action has settled into a brief consolidation phase, often indicative of underlying bearish weakness losing momentum.
Our focus shifts to the internal demand zone, which is currently acting as a strong platform for accumulation. With price reclaiming the prior range low and reacting positively from the projected reversal zone (PRZ), we are positioning for a potential multi-leg bullish expansion.
Targets are projected at 8.54 → 11.70 → 16.89, with a final extension towards 32.67, aligning with the macro channel resistance.
Risk is clearly defined below 4.68, which serves as invalidation of this bullish view.
Our focus shifts to the internal demand zone, which is currently acting as a strong platform for accumulation. With price reclaiming the prior range low and reacting positively from the projected reversal zone (PRZ), we are positioning for a potential multi-leg bullish expansion.
Targets are projected at 8.54 → 11.70 → 16.89, with a final extension towards 32.67, aligning with the macro channel resistance.
Risk is clearly defined below 4.68, which serves as invalidation of this bullish view.
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📢Follow the official links only! Trade smart, stay safe! 🎯
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Forex zone: t.me/+piiPgrNtrulkNDk0
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📩 Promotion/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.