$NEIRO /USDT Alert: Reversal on the Horizon?
$NEIRO is experiencing a sharp decline, trading at $0.00085867, down 18.78% over the last 24 hours. The price touched a low of $0.00083048, signaling extreme bearish pressure, but hints of stabilization are emerging. Here’s what to monitor:
Key Levels to Watch:
1. Support:
$0.00083048: The immediate critical support. A breakdown below this level could extend the bearish momentum.
2. Resistance:
$0.00090000: The first resistance to reclaim for bulls, a break above could signal recovery.
$0.00095000: A stronger resistance zone for a sustained reversal.
Trade Setup:
Long Trade:
Entry: Above $0.00088000
Targets: $0.00090000, $0.00095000
Stop-Loss: $0.00084000
Short Trade:
Entry: Below $0.00083000
Targets: $0.00080000, $0.00075000
Stop-Loss: $0.00085000
Market Insight:
The RSI is approaching oversold levels, indicating the possibility of a short-term bounce. However, the MACD remains bearish, suggesting that sellers still have control. Volume spikes hint at heightened activity, so expect volatility.
Pro Tip: Stay cautious and wait for confirmation before entering trades. NEIRO’s price action could swing sharply in either direction. Manage risk tightly......