【$NEO Signal】1H Convergence End, Awaiting Breakout Direction

$NEO The 1H level price is consolidating within a very narrow range of 2.766-2.775, with decreasing volume, a typical convergence end pattern, about to choose a direction. The 4H level is above EMA20 (2.755) but constrained by EMA50 (2.765), with bulls and bears in stalemate. Negative funding rate (-0.0331%) combined with stable open interest (OI Stable) indicates a potential short squeeze. Market depth shows buy orders are deeper than sell orders (imbalance 8.12%), with dense support below.

🎯Direction: Watch and wait(Pending orders) - Await confirmation of breakout

⚡Order strategy:

1. Breakout Long Entry: If the price stabilizes above 2.782 (Reason: Breaks above 1H consolidation upper boundary and 4H EMA50), it signals a bullish start.

2. Pullback to Long Entry: If the price retraces to 2.745-2.750 (Reason: 4H EMA20 support and previous low structure), it presents a buying opportunity.

🛑Stop Loss: 2.730 (Reason: Break below recent 4H low structure)

🚀Target 1: 2.820 (Reason: Previous high resistance level)

🚀Target 2: 2.880 (Reason: 1.618 Fibonacci extension level)

🛡Trade Management:

- Position size suggestion: Light position (Reason: Direction unclear, follow through after breakout)

- Execution strategy: If a breakout order is triggered, reduce position by 50% near Target 1, and move stop loss to entry price. If a pullback order is triggered, take partial profits in stages.

Depth logic: Currently, 1H RSI (51.29) is neutral with no divergence. The key is the test of 2.782; if volume increases and it breaks out, combined with buy order depth advantage, a short squeeze wave may begin. If it falls below 2.745, the short-term structure weakens.

View real-time market 👇 $NEO

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL