Over the last 12 or so hours, NEO has been dropping after having an explosive increase in price. Currently NEO is valued at $57.15 and at its peak it was worth nearly $55!
NEO is clearly a very good coin from a technological standpoint but anything that rises that quickly is susceptible to corrections, which it appears we are witnessing now.
The real question is: is this just a minor correction before NEO moves on to higher prices or will we see it go down to $40 or $30? Should we be selling our NEO and buying back in when the dip ends? I will attempt to answer that question.
There is no argueing that NEO went up very quickly, and it would not be hard to argue that it went up too quickly. If you sold near the apex, then you are probably very happy and are in a very good position to buy back in at or near the bottom of the dip. That said, In my opinion If you are still holding now, it is probably no longer worth selling in order to buy back in at a lower price. There is no telling what the price will correct to and we could be nearing the bottom now. The price of NEO will almost certainly hit 100 dollars or more at some point in the near future so just sit tight and don't be tempted to sell at the bottom.
Let me know in the comments, what are you doing? Are you selling? Have you already? Are you just in full HODL mode? Or are you sitting in front of your monitor sweating buckets?
Happy Investing
Cryptoviking
