technical analysis and trade signal for $NEIRO /USDT:

Current Price: 0.0009571 USDT

24h High: 0.00101998 USDT

24h Low: 0.00091142 USDT

Key Support and Resistance Levels:

Support: 0.00091142 USDT (recent low)

Resistance: 0.00101998 USDT (recent high)

Indicators:

1. RSI (Relative Strength Index): Currently below 30, indicating that NEIRO is oversold and could be poised for a bounce.

2. MACD: The MACD histogram is showing a bearish momentum but could start shifting as price consolidates near the support level.

3. Moving Averages: The price is currently below the 50-period moving average, which indicates a bearish trend, but the 15m and 1h charts show signs of short-term upward momentum.

Momentum:

The price is showing bearish momentum in the longer timeframes (4h, 1D), but there is a short-term bounce possibility due to recent oversold conditions and the RSI signaling potential for a reversal.

Trade Signal:

Action: Buy at current price levels near 0.0009571 USDT (with tight stop loss).

Target Levels:

Target 1: 0.0010000 USDT (near resistance)

Target 2: 0.0010100 USDT (slightly above recent high)

Target 3: 0.0010200 USDT (solid breakout level)

Stop Loss:

Place a stop loss at 0.00091142 USDT, the recent low, to protect from further downside.

Trade Momentum:

There is an opportunity for a short-term long trade based on the current oversold conditions and price hovering near key support. If the price moves above 0.0010000 USDT, we could see further upside momentum, aligning with the bullish reversal.

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