$NEIRO A long liquidation of $2.0968K occurred at $0.00107. This suggests that buyers might have entered the market earlier at higher prices and were forced to exit as the price dropped.

Technical Analysis:

Current Scenario:

The price hitting $0.00107 may indicate strong selling pressure, leading to liquidation.

It also suggests that $0.00107 could act as a temporary support level.

Recommendations:

Buy Zone:

Look for an entry between $0.00100 to $0.00105, as this is likely to be a demand zone where new buyers may accumulate.

Targets (Profit Zones):

1. Target 1: $0.00115 (Short-term resistance level)

2. Target 2: $0.00120 (Next key resistance)

3. Target 3: $0.00130 (Major profit-taking zone)

Stop Loss:

Place a stop-loss below $0.00095 to limit risks in case the market breaks the support level.

Trading Strategy:

1. Entry: Wait for confirmation of support near $0.00105 before entering. Avoid entering during high volatility.

2. Exit: Gradually book profits at the mentioned targets, rather than holding for a single target.

3. Risk Management: Always ensure the risk-to-reward ratio is favorable (at least 1:2 or 1:3).

Important Notes:

Monitor trading volume. If volume increases near the buy zone, it indicates strong buyer interest.

Stay updated with market news or events related to $NEIRO that might impact the price.

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