$NEIRO /USDT technical analysis and trade signal for based on the recent market data:
Current Price: 0.00091534 USDT
24h High: 0.00103418 USDT
24h Low: 0.00091142 USDT
1. Support Zone: The key support level lies around 0.00091142 USDT, which corresponds to the 24-hour low. A breakdown below this could trigger further selling pressure.
2. Resistance Zone: The resistance is observed at 0.00103418 USDT (24h high), which would require significant buying pressure to overcome.
3. Trend Analysis: The overall trend is bearish, as NEIRO has shown a consistent decline across multiple timeframes:
15m: -2.71%
1h: -1.27%
4h: -5.26%
1D: -8.31%
The price action shows that momentum is currently against buyers, and selling pressure is dominant.
Trade Signal:
Given the bearish trend, here are three potential target levels for short or sell trades:
Target Level 1 (T1): 0.00091142 USDT (Strong support)
The price is testing this level, and if it breaks, expect further downside momentum.
Target Level 2 (T2): 0.00087000 USDT (Next support zone)
This level could be the next target if the downward momentum continues. Watch for potential accumulation or reversal signals here.
Target Level 3 (T3): 0.00085000 USDT (Lower support)
If the price breaks past T2, this would be the next level to monitor for potential profit-taking or reversal.
Trade Momentum:
Momentum Indicators: Currently, the momentum is bearish, with a consistent downtrend across short- and medium-term timeframes. Watch for a potential reversal or signs of oversold conditions (such as RSI dipping below 30) before entering any long trades.
Volume: The 24-hour volume is relatively high at 101.89B NEIRO and 99.04M USDT, indicating that the market is actively trading, which could lead to increased volatility.
Trade Strategy:
Short Trade: If the price breaks below 0.00091142 USDT, you could consider shorting NEIRO with the targets mentioned above.
Stop Loss: Set a stop loss above the resistance level at 0.00103418 USDT to limit risks in case the market reverses.