NEO/USDT

NEO is showing heavy bearish signs on the daily chart. On shorter timeframe analysis, it shows multiple rejections with wicks on the upside. However, thats a sign of stop orders forming clusters which could result in a larger wick to the upside and then a crash down. On 1h timeframe we can see that it has formed a large consolidation area which it kept on failing to break on either sides. I am expecting some more sideways movements on this pair and taking advantage of that we should be looking to short this pair on the top of this consolidation area and target for 49.5 - 47 and 44 support areas on even lower timeframes to exit before any drastic changes take place.