Despite the bear market, some assets are opening up good buying opportunities. Analyzing the candlestick chart, I identify a potential buying opportunity in this NEIRO/USDT asset. Some key points:
- The price is in an uptrend, with the moving averages (MA and EMA) pointing up and supporting the rise
- There was a recent trend reversal, with the price breaking the support line and forming a bullish bar pattern
- The RSI indicator is in the neutral zone, indicating that the asset is not overbought or oversold at the moment
- The volume has remained relatively stable, without major fluctuations that could signal a sudden reversal
Based on this price action analysis, I suggest a long entry in this asset, with a stop loss below the last broken support and a target close to the previous resistance. However, it is important to monitor the behavior of the next bars to confirm the continuation of the uptrend