NEO / TetherUS
Long

NEOUSDT Accumulation in Progress After Strategic Stop-Loss Sweep

843
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.

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