technical analysis and trade signals for $NEIRO /USDT based on the current data you provided:
Technical Analysis for NEIRO/USDT
Current Price: 0.00168266 USDT
24h High: 0.00186599 USDT
24h Low: 0.00162456 USDT
Price Change (24h): -4.51%
Support & Resistance Levels
Support Level 1: 0.00162456 USDT (Strong support observed in the 24h low range)
Support Level 2: 0.00165000 USDT (Price is holding well above this range, could act as a psychological support level)
Resistance Level 1: 0.00186599 USDT (24h high resistance level)
Resistance Level 2: 0.00180000 USDT (Potential resistance zone for a breakout)
Key Indicators
RSI (Relative Strength Index): Neutral zone (could be around 40-60), signaling potential for both buying and selling momentum.
MACD (Moving Average Convergence Divergence): Possible bullish crossover, suggesting upward momentum if the price starts moving toward resistance levels.
Volume Analysis: Strong 24h volume of 119.47B NEIRO, showing active participation, but the recent dip suggests a pause or consolidation.
Trade Signals
Buy Signal:
Entry Point: If price shows signs of holding above the support at 0.00165000 USDT, a buy signal can be triggered.
Target 1: 0.00170000 USDT (Short-term resistance breakout)
Target 2: 0.00180000 USDT (Intermediate resistance level, potential breakout area)
Target 3: 0.00186599 USDT (Reach the 24h high if bullish momentum continues)
Stop Loss: Below 0.00162000 USDT, in case the price drops below key support levels.
Sell Signal:
Entry Point: If price starts facing resistance near 0.00186599 USDT and shows a rejection, consider taking profits or shorting.
Target 1: 0.00165000 USDT (First support retest)
Target 2: 0.00162456 USDT (Near the 24h low)
Target 3: 0.00160000 USDT (Lower support level to manage risk in case of further downtrend)
Stop Loss: Above 0.00187000 USDT, in case price breaks resistance and continues to rally.