【$NEO Signal】Bidirectional Order Placement Hidden! 1H Triangle Convergence at the End, Awaiting Breakout

$NEO The 1H timeframe is consolidating in a narrow 2.66-2.69 triangle, with the price closely hugging EMA20_1H (2.687), indicating intense battle between bulls and bears. The 4H timeframe remains in a downtrend, but the latest candlestick shows a long lower shadow, and open interest (OI) remains stable, suggesting that major players are not unloading heavily during the decline. The 1H RSI (41.53) has exited the oversold zone, and the bid/ask ratio (1.03) indicates slight buying advantage, signaling a potential trend reversal.

🎯Direction: Wait and see (Bidirectional order placement hidden)

⚡Scenario A (Bullish): Price stabilizes and breaks above the 1H triangle upper boundary, confirming a bullish return.

🎯Entry/Order: Enter long after breaking above 2.690 (Reason: 1H triangle upper boundary breakout, buy confirmation)

🛑Stop Loss: 2.655 (Reason: Break below the intraday low and triangle lower boundary)

🚀Target 1: 2.730 (Reason: Resistance at previous high on the 4H timeframe)

🚀Target 2: 2.780 (Reason: 4H EMA50 resistance level)

⚡Scenario B (Bearish): Price breaks below the 1H triangle lower boundary, continuing the 4H downtrend.

🎯Entry/Order: Enter short after breaking below 2.660 (Reason: Breakdown of 1H triangle lower boundary, bearish momentum release)

🛑Stop Loss: 2.690 (Reason: Reclaiming above the triangle upper boundary and EMA20_1H)

🚀Target 1: 2.620 (Reason: Support at previous swing low)

🚀Target 2: 2.580 (Reason: Downward extension based on ATR)

🛡Trade Management:

- Position size suggestion: Light position (Reason: Direction unclear, waiting for breakout confirmation, moderate volatility)

- Execution strategy: Only execute the earliest triggered order. After execution, if the price moves favorably, reduce position by 50% at Target 1 and move stop loss to entry point. If the price hits the stop loss in the opposite direction, cancel the other order and wait for a new structure.

Deep logic: The current market signals "price declines, but OI remains stable," which suggests passive stop-loss by longs rather than active liquidation by major players. Negative funding rate (-0.0074%) indicates shorts are paying to hold positions, implying potential short squeeze risk. The order book shows dense buy orders below 2.673 (depth imbalance 1.43%), providing buffer for the price. The key is the breakout direction in the 2.66-2.69 zone, which will determine the next short-term momentum.

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