🚨$NEIRO /USDT Technical Analysis🚨

📊$NEIRO /USDT has been trending downwards recently, indicating a bearish sentiment. The price is currently trading at $0.00185701, down 0.93% in the last 24 hours. The 24-hour trading volume is $116.75 million.

💹Technical Indicators:

* RSI (14): The Relative Strength Index is currently below 50, suggesting oversold conditions. This could be a potential buying opportunity for short-term traders.

* MACD: The Moving Average Convergence Divergence is below the signal line, indicating a bearish trend. However, the MACD line is starting to flatten out, which could signal a potential reversal.

Entry and Exit Levels:

📈 Long Entry: $0.001800 with a 🛑stop-loss at $0.001750 and a 🎯take-profit at $0.002000.

📉 Short Entry: $0.001900 with a 🛑stop-loss at $0.001950 and a 🎯take-profit at $0.001700.

⚠️Overall Outlook:

While the short-term outlook for NEIRO/USDT remains bearish, the oversold conditions and potential reversal signals from the MACD suggest that a short-term rebound may be possible. Traders should monitor the price action closely and adjust their positions accordingly.

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