【$NEO Signal】Pullback to go long! 1H oversold rebound + strong order book support

$NEO The 1H timeframe has entered the oversold zone, with the price receiving buying support near the key support level of 2.70. The 1H RSI shows signs of bullish divergence, indicating a short-term rebound is imminent. Although the 4H trend is still in a downtrend, trading volume remains stable with no signs of panic selling. Major players may be defending the 2.70 level.

🎯Direction: Long (Long)

🎯Entry/Order: 2.702 - 2.708 (Reason: Dense support zone in the order book, 1H candlestick shows stabilization signals )

🛑Stop Loss: 2.680 (Reason: Break below recent 1H low and ATR lower band support )

🚀Target 1: 2.760 (Reason: 1H EMA20 and previous minor resistance level )

🚀Target 2: 2.790 (Reason: 4H downtrend resistance line and previous high )

🛡️Trade Management:

- Position Size: Light (Reason: 4H trend remains bearish, this is a counter-trend rebound play )

- Execution Strategy: When price reaches 2.760, reduce position by 50% and move stop loss up to entry price of 2.705. The remaining position aims for target 2.790. If price cannot hold above 2.750, exit all positions.

Deep Logic: Order book depth shows heavy buy orders below 2.70 (bid_ask_ratio_depth: 1.59), with sparse sell orders, indicating a clear order book imbalance (22.88%). Open interest remains stable; price declines but does not trigger a sharp drop in holdings, suggesting not a major dump by large players but passive long liquidation. The 1H RSI at 30.36 is severely oversold, forming a divergence with new lows, indicating a strong technical rebound demand. Coupled with current taker buying, short-term bullish momentum is gathering.

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