$NEIRO Here's a detailed analysis for based on the information provided:
Overview of Market Activity.
Long Liquidation: $1.3652K at $0.00113
This indicates that a significant number of long positions were liquidated possibly due to a sharp price drop.
Key Observations.
1. Current Price:
The price of is hovering around the $0.00113 mark.
2. Market Sentiment:
The liquidation suggests bearish pressure in the market.
However this could also be an opportunity to re-enter at lower levels if support holds.
3. Volatility:
With liquidations occurring, $NEIRO seems to be in a volatile phase.
Caution is advised when trading.
Buy Zone.
Recommended Buy Zone:
$0.00100 to $0.00110
This range is close to the recent liquidation level which might act as support.
Target Levels.
Short-Term Target:
$0.00125
A potential bounce back to this level is expected if buying pressure increases.
Mid Term Target:
$0.00135
This could be the next resistance level if the price gains momentum.
Stop Loss.
Suggested Stop Loss:
$0.00095
If the price falls below this level it may continue to drop further so exiting the trade is wise.
Trading Strategy.
1. Risk Management:
Never invest more than 2-3% of your portfolio in a single trade.
2. Monitoring:
Keep an eye on the overall market trend and volume.
Increased buying volume near the support zone indicates a potential reversal.
3. Patience:
Wait for confirmation of a bounce before entering the trade.
Avoid rushing in during high volatility.
Final Advice
Always DYOR (Do Your Own Research) before investing.
Monitor news and updates related to $NEIRO as any new developments can impact the price.
If you need further assistance feel free to ask.
#NEIRO #BinanceAlphaAlert #MarketPullback #MarketCorrectionBuyOrHODL? #USUALTradingOpen