NEIRO market analysis today:
1. K-line pattern:
The current price of NEIRO is around 0.0009485 USDT. The price has been fluctuating and rising recently, and has tried to break through the resistance level of 0.00095 USDT many times, but there is strong selling pressure in this area, and it may continue to fluctuate and consolidate in the short term.
The support level below is about 0.00092 USDT. The market has formed multiple rebounds in this area, showing relatively stable support.
2. Technical indicators:
MACD: The MACD fast line has crossed the slow line and is running above the 0 axis, indicating that the market bulls are dominant and the momentum is strong. If MACD continues to diverge, the price may continue to rise.
RSI: RSI is currently around 60 and has not yet entered the overbought range, indicating that the market still has room for further growth. If RSI approaches or exceeds 70, be alert to the risk of short-term correction.
EMA: Both EMA7 (0.000946 USDT) and EMA30 (0.00094 USDT) are on an upward trend, indicating that the market is bullish in the short term. EMA120 (0.00095 USDT) may become the next important resistance point. If it breaks through this point, the price is expected to rise further.
3. Volume:
The volume increases when the price rises, indicating that the market's buying power is strong. If the volume continues to increase, the price may break through the 0.00095 USDT resistance level and continue to rise.
Operational suggestions:
Long strategy: When the price pulls back to around 0.00094 USDT, you can consider entering the market to go long, with the target take profit set at 0.00097 USDT and the stop loss set at 0.00092 USDT.
Short selling strategy: If the price fails to break through 0.00095 USDT, you can consider shorting in this area, with the target profit target set at 0.00093 USDT and the stop loss set at 0.00096 USDT.
The above views are for reference only and are not investment advice.
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