$NEIRO

Currently, the price of **Neiro (NEIRO)** is trading around **$0.0011**, down approximately **18.29%** compared to the previous session.

Technical Analysis:

1. Price Chart and Trend:

- NEIRO has experienced a significant price drop, from a daily high of **$0.053098** to a low of **$0.04235236**, indicating that selling pressure is prevailing.

2. Technical Indicators:

- Moving Average (MA):** The price is currently below the short-term MA lines, indicating a downward trend in the short term.

- RSI (Relative Strength Index):** RSI may be approaching the oversold zone, suggesting the price could either recover or continue to drop further.

3. Support and Resistance Levels:

- Support: The nearest support level may be around **$0.0010**; if broken, the price may drop further.

- Resistance: An important resistance level may be at **$0.0015**; if surpassed, NEIRO could continue an upward trend.

Suggested Trading Strategy:

- Buying Strategy:

- Consider buying when the price approaches or bounces off the support level of **$0.0010**, with the expectation of a recovery to the resistance level of **$0.0015**.

- Set a stop-loss order below **$0.0009** to minimize risk.

- Selling Strategy:

- Consider selling if the price fails to maintain the support level of **$0.0010**, forecasting a continued downward trend.

- Set a profit target at **$0.0015** if purchased at the support level.

Note:

- The cryptocurrency market is highly volatile; it is advisable to monitor closely and adjust strategies promptly.

- The analysis above is for reference only and does not guarantee investment results.#NEIROETH #BTC☀ $BTC