We all know that the altcoin market is very oversold and it is only a question when the smart money gets in – if it didn´t already. Right now we can see a very good swing trade setup on Neo in pair with BTC             (and USD as well).

Neo is currently sitting on a huge support, so we are trying to get into the trade now or somewhere in the orange zone of liquidity pool. If you buy now, there is a 1:9 RRR             . The SL should be set on 0.00228. TPs are marked by green horizontal lines.

Anyway, even if SL is triggered, I don´t see this idea invalidated until we hit 0.00178. That is the point where the market is in serious trouble.

Size of the position should be rather small, this trade gives possibly really nice gains.

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Have fun!