Technical analysis by Risk_Adj_Return about Symbol NEO: Buy recommendation (5/21/2025)

NEO | Long | Pullback Buy Setup + Strong BTC OI | (May 21, 2025)1️⃣ Quick Summary:NEO is showing signs of potential upside, but a pullback would offer a much better long entry. With solid fundamentals and BTC open interest holding strong, I’m watching for a second leg long setup.2️⃣ Trade Parameters:Bias: LongEntry Zone: Around $5.30 – waiting for a correction into this areaStop Loss: Slightly below $5.00 to allow room for volatilityTP1: $6.52TP2: $8.76Final TP: $23.11 (long-term target with strong fundamental backing)3️⃣ Key Notes:✅ BTC open interest remains strong, and there's ongoing activity from institutional players—this could fuel upside movement.✅ NEO is one of the OG Layer-1 chains, recently upgraded to N3, making it more scalable and developer-friendly.✅ Watch out for market-wide volatility—if BTC dips hard, NEO might follow.❌ If price never pulls back to $5.30 and just takes off, this setup is invalid. I won’t chase.4️⃣ Follow-Up Plan:If the pullback plays out, I’ll post a follow-up with updated levels and structure.Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible.Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.