Technical Analysis for NEIRO/USDT
Current Price: 0.00168266 USDT
24h High: 0.00186599 USDT
24h Low: 0.00162456 USDT
Price Change (24h): -4.51%
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Support & Resistance Levels
Support Level 1: 0.00162456 USDT (Strong support at the 24h low)
Support Level 2: 0.00165000 USDT (Price holding above this range, which could act as psychological support)
Resistance Level 1: 0.00186599 USDT (Resistance at the 24h high)
Resistance Level 2: 0.00180000 USDT (Potential resistance zone for a breakout)
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Key Indicators
RSI (Relative Strength Index): Neutral (likely between 40-60), indicating potential for both buying and selling momentum.
MACD (Moving Average Convergence Divergence): Possible bullish crossover, suggesting upward momentum if price moves toward resistance levels.
Volume Analysis: Strong 24h volume of 119.47B NEIRO, indicating active market participation, though the recent dip may signal consolidation.
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Trade Signals
Buy Signal:
Entry Point: If the price stays above the 0.00165000 USDT support level, this could trigger a buy signal.
Target 1: 0.00170000 USDT (Short-term resistance breakout)
Target 2: 0.00180000 USDT (Intermediate resistance level, potential breakout area)
Target 3: 0.00186599 USDT (Reach the 24h high if bullish momentum continues)
Stop Loss: Below 0.00162000 USDT, to protect against a drop below key support levels.
Sell Signal:
Entry Point: If the price encounters resistance near 0.00186599 USDT and shows signs of rejection, consider taking profits or shorting.
Target 1: 0.00165000 USDT (First support retest)
Target 2: 0.00162456 USDT (Near the 24h low)
Target 3: 0.00160000 USDT (Lower support level to manage risk in case of further downtrend)
Stop Loss: Above 0.00187000 USDT, in case the price breaks resistance and continues rallying.
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