$NEIRO /USDT Technical Analysis
Current Situation:
NEIRO is currently trading at $0.001795, down 12.91% in the last 24 hours. The price has been consolidating in a range between $0.00162612 and $0.00207533.
Technical Analysis:
The chart shows a bearish engulfing candlestick pattern, indicating potential further downside. The RSI is below 50, confirming bearish momentum.
Trade Ideas:
Short Trade:
* Entry: $0.001795
* Target: $0.00162612
* Stop Loss: $0.00187750
* Leverage: 2x
Long Trade:
* Entry: $0.00162612
* Target: $0.00207533
* Stop Loss: $0.00158642
* Leverage: 2x
Market Outlook:
The bearish engulfing pattern suggests a potential bearish trend in the short term. However, the market may consolidate before making a significant move. Traders should monitor the price action closely and adjust their positions accordingly.