$NEIRO/USDT Technical Analysis and Trade Signal

Current Price: 0.00091874 USDT

Change: -2.24%

Market Trend: Short-term bearish, with recent declines in the 15-minute and 1-hour intervals.

Key Levels:

1. Support: 0.00090402 USDT (recent daily low)

2. Resistance: 0.00097987 USDT (recent daily high)

Targets:

Target 1: 0.00089000 USDT (continuation of the short-term downtrend if support breaks)

Target 2: 0.00085000 USDT (deeper correction zone)

Target 3: 0.00098000 USDT (bullish breakout if resistance is broken)

Momentum Indicators:

MACD: Slight bearish crossover, suggesting the downtrend may continue in the short term.

RSI: Around 40, indicating the asset is not yet oversold, allowing room for further downward movement or consolidation.

Volume: High trading activity indicates significant market participation, with the potential for sharp price swings.

Trade Signal:

Entry: Consider short positions if the price drops below the support level of 0.00090402 USDT.

Stop Loss: Place a stop loss above 0.00098000 USDT for effective risk management.

Targets:

Target 1: 0.00089000 USDT

Target 2: 0.00085000 USDT

Target 3: 0.00098000 USDT (if sentiment turns bullish and resistance is breached)

Trade Momentum:

Bearish Outlook: Short trades are favorable below 0.00090402 USDT, targeting lower levels.

Bullish Reversal Potential: A price movement above 0.00098000 USDT could signal a shift in sentiment, suggesting the start of an upward trend.

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