🚀🚀🚀🚀🔥 technical analysis and trade signal for $NEIRO /USDT 🔥🚀🚀🚀🚀

Current Price: 0.00147959 USDT

24h Price Change: -6.21%

Support Level: 0.00145000 USDT (Strong support zone from the 24h low)

Resistance Level: 0.00160239 USDT (24h high)

Key Indicators:

SAR (0.02, 0.2): 0.00145611 USDT

Depth: 3.9843% (Indicating low market depth; price can shift more easily with large trades)

Momentum: Bearish (-5.5797% drop in price over the last 24 hours)

Trade Signal:

Type: Short-term bear market trend with potential for correction

Trade Setup:

Entry Point: 0.00147959 USDT (current price)

Stop-Loss: 0.00153000 USDT (just above the SAR level)

Take-Profit Levels:

1. Target 1: 0.00145000 USDT (support zone)

2. Target 2: 0.00142000 USDT (extended support zone)

3. Target 3: 0.00138000 USDT (lower support and potential reversal zone)

Trade Momentum:

The momentum is currently bearish, with a 6.21% drop in price in the last 24 hours. Given the relatively low market depth, the price can experience sharp moves in the short term, making it a volatile pair. If the price breaks below the support level of 0.00145000 USDT, it may lead to further downward movement.

Action Plan:

Short Position: Consider entering a short position at the current price with the potential to exit at the aforementioned targets.

Caution: Ensure the stop-loss is tight due to the volatility, and monitor for any potential bullish reversal signals at the support zones.

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