NEIRO/USDT, here are potential trading signals:and Technical analysis 📉✅
The price has decreased significantly (-19.15%), suggesting strong bearish momentum.The RSI value is approximately 14.21, indicating the market is oversold.3. There is an increase in trading volume at the recent price drop, which could signal capitulation or a reversal opportunity.The short-term MA (5) is above the current price, showing a bearish trend.
Trading Signals:$NEIRO
BUY Signal (Potential Reversal)Condition: Wait for RSI to cross above 30, indicating recovery from oversold conditions.Look for bullish candlestick patterns (e.g., hammer or engulfing) and a volume surge during upward movement.
SELL Signal $NEIRO
(Continuation of Trend)Condition: If the price retraces back to the 5-period MA but fails to break above it, consider it a selling opportunity.
Confirmation: Look for bearish candlestick patterns (e.g., shooting star) and declining RSI after a brief rise.
*Stop Loss: For a buy, place the stop loss slightly below the recent low (e.g., $0.00163).
* For a sell, place it above the recent high or MA line.
*Take Profit: Target resistance levels or key psychological levels (e.g., $0.00177 or $0.00195).$NEIRO
