🚀🚀🚀 Technical Analysis and Trade Signal for the $NEIRO /USDT 🚀🚀🚀
Current Price: 0.00139036 USDT
24h High: 0.00158291 USDT
24h Low: 0.00137963 USDT
Key Support: 0.00137963 USDT
Key Resistance: 0.00158291 USDT
Technical Indicators:
SAR (Stop and Reverse): 0.00141114 USDT (indicating slight bullish momentum)
Price Action: NEIRO is currently in a slight downtrend, with a 24h price change of -8.82%. The price is testing the lower support levels near 0.00138, which could be a key area for a bounce if it holds.
Trade Signal 🔥
🔺 Entry Point: 0.00139000 USDT (Ideal entry near current price level)
Target Levels 🎯:
1. Target 1: 0.00145 USDT
Reason: Short-term resistance and minor retracement level from the current downtrend.
2. Target 2: 0.00150 USDT
Reason: The next major resistance area where price could potentially reverse.
3. Target 3: 0.00158 USDT
Reason: 24h high and key resistance level. If this level is breached, NEIRO could see a stronger bullish move.
Stop-Loss:
Level: 0.00137 USDT
Protecting against further downside momentum, especially if price breaks below 0.00138.
Trade Momentum ⚡:
Bullish Momentum: The price is testing critical support, and if the support holds, we could see a potential upward bounce towards Target 1 and beyond.
Bearish Momentum: A break below 0.00138 would indicate continued bearish pressure, and the price might fall towards lower support levels.
Conclusion:
Short-term trade setup: Focus on buying near 0.00139 and targeting a bounce towards 0.00145 – 0.00150.
Risk Management: Keep a stop-loss just below 0.00137 to limit potential losses if the market continues to fall.
Stay updated on price action and adjust accordingly! 📊💥