Technical Analysis Report: $NEIRO
đč Current Price: $0.00119003
đ Resistance: $0.00126933
đ Support: $0.00103000
W-Pattern Insight: NEIRO/USDT shows a strong W-pattern formation on the 4-hour chart, indicative of potential bullish momentum. This pattern is typically followed by a price increase once the formation is complete and the price breaks above the neckline, currently situated around the recent high of $0.00126933.
đ Long Trade: Enter above $0.00126933, targeting further highs at $0.00130000 and $0.00140000, with a stop loss just below the support at $0.00103000.
đ Short Trade: Should the price fall below the support at $0.00103000, consider a short trade targeting $0.00100000 and $0.00090000, using the resistance as a stop loss point.
Summary: NEIRO's chart suggests a possible continuation of the upward trend if it breaks the resistance. However, maintain caution and adjust positions based on the support and resistance flips.
đ Dive in, but keep your eyes peeled on these key levels!
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