NEIRO has seen a correction after a surge in the past two days. Has it peaked?
Ethereum has performed significantly better than Bitcoin recently, and NEIRO may have benefited from this and started to pull the price.
Let's talk about the price trend of NEIRO first. Previously, NEIRO was exposed to manipulate prices through insider trading and batch operations of coin mixers, and then sold the goods through insider trading after pulling the price. For this surge, investors need to be wary of this situation. At present, NEIRO is using the pull to create heat, and with a large number of KOLs shouting orders for it, its popularity can be said to have reached its peak.
For meme coins, popularity equals value, so when the heat reaches its peak, the price may also gradually peak, especially for meme coins with a large market value like NEIRO, it is unlikely to pull the price without turning back like those small-cap coins. Because the larger the market value, the more difficult it is to pull the price.
Therefore, for investors who want to buy at high prices, I suggest to be cautious. At present, NEIRO, which has a net inflow into the exchange, does not rule out the possibility of the market-making team's insider trading.
Chasing high is dangerous, so can you short it?
For this type of currency that generates heat through pulling, it is entirely controlled by the dealer. I suggest shorting on the right side, that is, shorting after confirming the start of the downward trend. This is the safest way to operate, because this type of currency that generates heat through pulling and then pulls through heat has the risk of liquidation when entering the market from the left. Refer to RARE, which soared for several days last month. If you use the right-side entry method, then even if you short on August 26, there is still a drop of more than 40% since then.
