$NEIRO /USDT Technical Analysis - Strong Momentum Building š
Current Price: $0.00106618 (+5.74%)
Chart: 30-minute timeframe
Exchange: Binance
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Key Observations:
$NEIRO /USDT is demonstrating solid upward momentum, breaking out of its consolidation zone with a high of $0.00110710. Sustained volume indicates potential for further upside.
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Achieved Target: $0.00105000 ā
Breakout Confirmation: The pair successfully tested and sustained above $0.00105, confirming a bullish trend continuation.
Action: Secure partial profits at this level.
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Next Target Levels:
1. Target 1: $0.00111000 (24h High)
Strategy: Await breakout above $0.00110 with strong volume to confirm continued bullish movement.
Stop Loss: Set below $0.00100 to manage risk.
2. Target 2: $0.00115000
Reasoning: A psychological resistance level aligned with Fibonacci extension.
Action: Monitor RSI and momentum for overbought conditions before entry.
3. Target 3: $0.00120000
Projection: If momentum sustains, this level could mark the next bullish extension zone.
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Risk Management:
Support Zone: $0.00095000 - $0.00100000
Stop Loss: Tighten below $0.00100 to safeguard profits.
Trading Tip:
Focus on volume and candlestick patterns for entry confirmation near resistance levels. Avoid FOMO; wait for retests before entering new trades.