#NEOBTC great risk/reward for current channel trade

Price action is a bit boring over the past couple of weeks in this channel, though some high volume bursts could indicate accumulation (note this also happened in earlier areas which subsequently gave way to lower prices). However, the well defined channel and stop loss level paints a nice picture for triggering a trade targeting the top of the channel. Simple R/R makes this a good long at this level.

Kommentera:

Perfect entry here for this play, right at support.