$NEIRO has been met with a chorus of complaints online, but strangely, everyone is still quietly buying in and holding strong. Everyone hopes that others will exit first, leaving themselves to wait for a rise. This is the current situation, a standoff.
From the daily chart, it has rebounded several times at the 16 position, having dropped as low as 15. If it drops further, the upward trend could truly be ruined. It frequently touches 16 but fails to rise significantly. One side is testing, the other is holding firm.
Everyone knows that the NEIRO correction has lasted long enough; it’s time for it to rise. Other coins in the same period have risen, but this one hasn’t shown any movement. Everyone also understands that the market maker wants to force out all the buyers, then enjoy the gains alone. So after figuring out this routine, most have chosen to hold firm.
There are many friends who have been trapped since 28, also holding strong waiting for a way out. With so many buyers, the market maker intentionally extends the washout period, wanting to test the retail investors' mentality. Retail investors have held their ground, now it’s up to the market maker to show if they have a broader vision.
Some friends worry whether this coin will go to zero; I think that's unlikely unless this bull market has nothing to do with it, and it wants to exit on its own.
From a buying perspective, everyone naturally hopes others will exit so they can make big profits. But if everyone thinks this way, then no one will profit. Unless the market maker is generous and doesn’t cut the retail investors out, taking everyone together to the moon.
In summary, whether from the daily chart or MACD, it is showing that this coin should rise. But it just won’t, as the market maker is suppressing the price. Anyone who has played NEIRO knows that this market maker has been too manipulative. There are pros and cons to strong market makers, but constantly outsmarting retail investors shows a lack of vision.
If this coin drops further, more people will buy in; the market maker actually doesn't need to play this routine anymore. It would be better to loosen up; so many people have confidence in NEIRO, wouldn’t it be great to rise together? Don’t lose sight of the big picture for small gains.
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