#CryptoMarketDip
$NEIRO /USDT Sharp Decline Signals Caution #NEIRO is currently trading at $0.00087979, down -17.26%, after falling from its 24-hour high of $0.00106690 to a low of $0.00087045. The RSI is at an extreme 8.01, indicating heavily oversold conditions, while the MACD shows strong bearish momentum.
Key Levels to Watch:
Resistance: $0.00090000 – A recovery above this level could lead to targets at $0.00095000 and $0.00100000.
Support: $0.00087000 – Losing this level could extend the drop toward $0.00085000 or $0.00080000.
Trade Setup:
Long Entry: Above $0.00090000, targeting $0.00095000 and $0.00100000.
Short Entry: Below $0.00087000, targeting $0.00085000 and $0.00080000.
Stop-Loss: $0.00088000 for longs or $0.00089000 for shorts.
Market Insight:
NEIRO is facing intense selling pressure, with oversold RSI levels suggesting a potential bounce may occur soon. However, the continued bearish volume warns of further downside risk. Traders should remain cautious and watch for a confirmed reversal before entering positions.