【$NEO Signal】Two-way Order Placement Game! End of 1H Triangle Convergence, Waiting for Breakout!

$NEO The 1H timeframe is at the very end of an extremely converged triangle pattern, with price oscillating narrowly between 2.775 and 2.826. The 4H timeframe remains in a weak rebound within a downtrend channel, but the buy-side depth (bid_ask_ratio_depth=1.00) and stable open interest (OI Stable) on the 1H chart indicate fierce confrontation between bulls and bears in this area, about to choose a direction. The current price is indecisive; entering immediately carries high risk. The best strategy is to place two-way orders and wait for a breakout.

🎯 Direction: Watch and Wait (Two-way Orders)

⚡ Breakout Long Entry: 2.828 (Reason: Breaks above the 1H triangle top and recent high resistance, confirming bullish momentum)

⚡ Pullback Long Entry: 2.775 (Reason: Rebounds off the 1H triangle bottom and previous strong support, playing the bounce game)

🛑 Long Stop Loss: 2.755 (Reason: Breaks below key support, invalidating the pattern)

🚀 First Target for Longs: 2.880 (Reason: 4H EMA50 and previous small platform resistance)

🚀 Second Target for Longs: 2.950 (Reason: Resistance near the February 14 high)

🛡 Trading Management:

- Position Size Suggestion: Light position (Reason: Direction is unclear, this is a breakout game, risk control is key)

- Execution Strategy: When either order is triggered, the other is automatically canceled. After reaching Target 1, reduce position by 50% and move stop-loss to entry price. If the price cannot quickly move away from the cost area and falls back to the entry point, consider closing the position.

Depth Logic: The order book shows buy orders accumulating around 2.775-2.785, and sell orders around 2.828-2.840, forming a clear battle zone. The 1H RSI (46.25) is in a neutral to slightly weak position, with room for upward correction. Market logic suggests “price declines, open interest remains stable,” which is not typical of main force distribution but more like a shakeout or accumulation. The key will be the price breakout of the triangle range, which will determine the next short-term move.

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