The current price of NEIRO coin is around 0.00106960, and the overall trend resembles a 'confused traveler', wandering up and down without a clear direction. This is an excellent opportunity for bears to showcase their hunting skills!
Opening order suggestion:
Opening position: open a short position when the price approaches 0.00108, perfectly utilizing the resistance level to 'hold down the bull's head'.
Stop-loss setting: set the stop-loss above 0.00111, giving the bulls some room to 'fake a comeback', but don't let them climb too high.
Take profit setting:
First target: 0.00104, first secure some coffee money.
Second target: 0.00100, watch with a smile as the market slides toward the psychological support level.
Final target: 0.00096, witness the bears' 'epic maneuver'.
NEIRO coin's 'confused grand adventure': bulls stroll, bears sprint!
The recent market for NEIRO coin resembles a 'confused traveler': unsure whether to go left or right, lingering in between, providing the bears a great opportunity for brewing a show. The bulls have repeatedly tried to lift the price, but it feels like pushing a stubborn rock, getting pushed back every time it hits the resistance level.
Technical aspect: 'Exhausted Bulls vs. Energized Bears'
The current market atmosphere resembles a tug-of-war, with a significant disparity in strength: the bulls are out of breath, while the bears are raring to go. The upper resistance level is like a 'glass ceiling', bouncing back every time it's touched. The lower support area serves as the bears' 'ski resort', seemingly waiting for the bulls to give up resistance before the price accelerates downward.
Resistance and Support
Resistance range: 0.00108-0.00111, like 'the nightmare paradise for bulls'.
Support range: 0.00104-0.00096, where the bears are ready to 'pop champagne'.
Emotions and Trends
Market participants seem to be like popcorn spectators, watching the show without putting in effort, and trading volume is sluggish. A market lacking momentum is most suitable for the bears to perform the 'one-horse race' act.
Trading strategy:
Don't hesitate to open positions: wait for the price to touch the resistance level before shorting, as precise as an eagle eyeing its prey.
Gradually take profits: Remember, the joy of being a bear comes from phased harvesting; steady and measured approaches yield comfortable profits.
Strict stop-loss: Although the bears are already dominant, don't forget that the market loves to 'fake moves', so leave yourself an exit option.