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$NEO Signal】Dual Order Script: 1H Triangle Convergence End, Awaiting Breakout Direction
$NEO The 1H timeframe is at the very end of an extremely converged triangle pattern, with price oscillating narrowly between $2.60 and $2.67. The 4H timeframe remains in a weak rebound within a downtrend channel, but the 1H RSI (40.23) has rebounded from oversold territory, and open interest (OI) remains stable with no signs of panic outflows. The current price of $2.621 is exactly below the 1H EMA20 ($2.6417), and a bullish-bearish battle is imminent.
🎯 Direction: Wait and see (Dual orders)
⚡ Breakout