$NEO
NEOUSDT — Compression at Multi-Year Lows in Bear Market
NEOUSDT is trading at $3.675, compressed in a tight range at multi-year lows within a brutal macro bear trend, down -74% over the last year. The asset shows no signs of a base or accumulation, with price action characterized by apathy and occasional dead-cat bounces. This compression at historic lows is a continuation pattern, not a reversal signal.
Trade Plan (Short - Breakdown from Historic Lows)
Entry (Short): $3.67 – $3.65 (on a confirmed breakdown below the $3.611 24h low, signaling a resumption of the downtrend).
Target 1: $3.50 – $3.45 (immediate psychological support levels).
Target 2: $3.30 – $3.20 (next major support zone and measured move target).
Stop Loss: $3.72 (above the recent consolidation high and immediate resistance).
My View
This is an asset that has been forgotten by the market. Compression at all-time lows in a bear market typically resolves with continuation to the downside as the last holders finally capitulate. The most probable move is a slow, grinding breakdown to new lows. This setup is a pure momentum short for traders comfortable with illiquid, trendless environments. Only enter on a confirmed breakdown with a very small position size, as liquidity is poor and volatility can be erratic.
