$NEIRO
Based on the technical chart of the NEIROUSDT pair, I have some observations as follows:
1. Current situation:
- Price is at 0.0017941, down 13.54%
- In a short-term downtrend
- The MA lines are trending downwards and forming a bearish crossover (Death Cross)
2. Technical indicators:
- MACD is giving a negative signal with the MACD line crossing below the Signal Line
- RSI is in the oversold area, indicating the possibility of a technical rebound
- Trading volume is at a low level, reflecting investors' caution
However, it is important to note:
- The market is experiencing strong fluctuations
- Risk management should be tight, avoid all-in
- It may be beneficial to split orders to minimize risk
Based on technical analysis, I suggest the NEIRO trading strategy as follows:
1. Short-term strategy:
- Enter a BUY order when:
+ Price touches the support area of 0.00162-0.00165
+ RSI shows a bullish divergence
+ There is a reversal candle with increasing volume
- Stop loss: Below 0.00160
- Take profit in parts:
+ TP1: 0.00180 (take 40% of the position)
+ TP2: 0.00190 (take 30% of the position)
+ TP3: 0.00200 (take the remaining 30% of the position)
2. Risk management:
- Do not enter orders exceeding 5% of total capital
- Split orders into 2-3 parts to minimize risk
- Move stop loss to break even after reaching TP1
3. Conditions to monitor:
- Trading volume must increase when the price rebounds
- MACD crosses above the Signal line
- The MA(20) crosses above MA(50)
4. Warning signals to pay attention to:
- Volume decreases when price increases
- RSI does not create a higher peak
- Price cannot hold above MA(20)
Note:
- This is a highly volatile market, patience is needed to wait for confirmation signals
- Always adhere to the trading plan and capital management set out