We've been tracking $NEIRO since last week when it was trading at 0.0009, and what a ride it's been! The price has surged to 0.0020, establishing a new recent high. The current consolidation around 0.0019-0.0020 suggests a potential breakout.
The support level at 0.0015 has held strong, indicating a robust demand floor. We've seen multiple retests of this level, and each time, buyers have stepped in to push the price higher.
Considering the recent price action, the next breakout could lead to:
- Immediate target: 0.0022-0.0025
- Potential extension: 0.0028-0.0030
Our initial entry at 0.0009 has yielded impressive gains, and we're now looking to ride the momentum. With the support at 0.0015 holding firm, we're confident in NEIRO's upside potential.
Trading strategy:
- Long-term holders: Maintain positions, considering the strong support.
- Short-term traders: Buy on dips to 0.0019-0.0020 or sell on strength to 0.0022-0.0025.
Risk management:
- Stop-loss around 0.0015 for long positions.
- Set take-profit targets at 0.0022, 0.0025, and 0.0028.
