Trading NEO has been one of the most profitable strategies for traders. Over the past few months, NEO has gone from a coin worth $5 to a coin worth $60 and then back down to $13. Many traders have had full belief in the coin throughout that entire process. In this video, I explain what you should be doing to trade NEO before the Red Pulse ICO.
The Red Pulse ICO is going to cause NEO volatility over the next week. Some people are going to be selling because they are unsure as to what is going to happen. Some people are going to buy based on the hype of the ICO. My job is to show you the buy points so that you do not lose money by buying too late or selling too early.
The video explains that NEO has some potential to drop near $28 before the ICO on October 8th. $28 is the immediate support but it is strong. Many people are going to sell off NEO before the ICO and it could cause the price to hit that level. After that, I see NEO bouncing because of the ICO. Many people are going to be buying NEO merely based on hype and that is going to inflate the coin. Finally, NEO is most likely going to fall soon after the ICO because traders are going to be selling off to capture their profits.