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【$NEO Signal】Long | Volume and Price Rise Together Breakout Pattern
$NEO Price accompanied by a significant increase in open interest, showing a healthy breakout pattern driven by major players entering the market.
🎯Direction: Long
🎯Entry: 3.08 - 3.12
🛑Stop Loss: 2.95 (Rigid Stop Loss)
🚀Target 1: 3.35
🚀Target 2: 3.50
The price rising in sync with open interest is a typical bullish signal indicating active accumulation by buyers, not a short squeeze. The current price has broken out of the previous consolidation zone, with good buying support and no significant supply above. The stop loss is set below the previous structure, offering a favorable risk-reward ratio.
Trade here 👇 $NEO
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