🔥🔥🔥🔥 technical analysis and trade signal for the $NEIRO /USDT pair with three target levels and trade momentum:🔥🔥🔥
1. Current Price: 0.00137443
2. 24h High: 0.00155946
3. 24h Low: 0.00133800
4. Support Level: 0.00133800 (near 24h low)
5. Resistance Level: 0.00155946 (near 24h high)
Key Indicators:
SAR (Parabolic SAR): 0.00138287 (+2.12%)
Momentum: The price is showing a slight bearish trend, with a 24-hour drop of -11.85%. However, the Parabolic SAR suggests a potential upward movement if it breaks the resistance.
Volume: 24h volume in NEIRO is 76.43B, indicating a high level of trading activity.
Trade Signal:
Market Trend: Bearish for the short term, but a potential reversal is possible if the price breaks the resistance level.
Target Levels:
1. Target 1 (Bullish): 0.00142
This level represents a slight bounce from the current price and could indicate a short-term rebound.
2. Target 2 (Neutral to Bullish): 0.00147
A significant move to this level could confirm the shift towards a more bullish trend. Watch for volume spikes to confirm momentum.
3. Target 3 (Bullish): 0.00155
A breakout beyond this target could signal a continued bullish trend with momentum gaining.
Trade Momentum:
Bearish in the short term but showing signs of a potential reversal with the SAR indicator and volume activity.
Short-Term Play: A cautious buy could be placed if the price breaks and holds above 0.00138. Stop-loss can be placed at 0.00133 to manage risk.
Momentum Buy: If the price holds above 0.00147 and volume increases, the upward momentum might be sustained for a longer-term bullish move.
Summary: Monitor the key support (0.001338) and resistance (0.001559) levels. A break above 0.00142 may signal an upward momentum toward 0.00147 and 0.00155. Keep a close watch on trading volume for confirmation of momentum.
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