$NEIRO Short Liquidation of $32.299K at $0.00107 A huge liquidation event has taken place in the market, showing the intensity of the ongoing price action. Let’s break down the situation and discuss what to watch for next, along with potential trade levels.

Current Market Analysis for $NEIRO.

The recent short liquidation at $0.00107 is an important signal. Short liquidations often create price volatility, as they involve the forced buying of positions that were betting on a price drop. This can lead to a short squeeze, where prices shoot up rapidly.

Here’s the breakdown of what could happen next.

1. Price Reaction. After a short liquidation, there could be a short-term upward price movement as the liquidated shorts are bought back, creating upward pressure on $NEIRO’s price.

2. Volume Spike. A sharp increase in trading volume is expected, especially around the liquidation levels. Watch for volume spikes to see if the momentum continues.

3. Resistance Level. The price will likely face resistance at previous levels of support or resistance, especially around $0.0011 - $0.0012. If it breaks through these levels, it could indicate further bullish movement.

Buy Zone for $NEIRO.

To enter a trade, target the buy zone around $0.00097 to $0.00105. This zone aligns with key support levels, where the price could bounce after the liquidation event.

Strong Support. The price has held around the $0.00095 - $0.001 zone in previous retracements, making it a potential good entry point.

Watch for Confirmation. Look for confirmation of upward movement (such as a candle pattern or volume increase) before entering.

Target Levels.

1. Short Term Target: $0.00115 - $0.0012

This level is where price could face resistance based on past trends. If it breaks above, expect further upside.

2. Long-Term Target. $0.0013 - $0.0014.

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