Potential NEO 1H Scalp

26 mag

NEOUSDT is currently testing resistance around $6.66 with RSI in overbought territory, which could trigger a short-term pullback.

A 0.5–0.618 retracement into the unmitigated hourly FVG ($6.39–$6.47) could provide a compelling long entry, while allowing an RSI reset and potentially forming an IH&S pattern.

The measured target for a breakout above ~$6.66 would be ~7.00 (still valid in case of a direct breakout without a pullback).

Setup 1
• Trigger: Pullback to $6.39–$6.47 and reversal
• Invalidation: Sustained break below $6.39

Setup 2
• Trigger: Break above $6.66 with volume
• Invalidation: Failure to hold $6.66 after breakout

26 mag

Trade attivo

Gave us the entry we were looking for, over 7:1 R/R with a tight stop below FVG / 0.618.

27 mag

Trade chiuso: stop raggiunto

Trade stopped by a deeper retrace than expected.
The IH&S was otherwise confirmed and NEO is now attempting to break above the neckline at $6.66.
A breakout now would confirm the $7.00 target.

27 mag

Nota

Breakout confirmed, target is $7.00 and invalidation is sustained break back below the neckline at $6.66.