NEIRO market analysis today:
1. K-line pattern:
NEIRO's current price is around 0.0008698 USDT. The price has been fluctuating downward recently, and a short-term support level has been formed near 0.00087 USDT.
The support level has been tested many times, but it has not been effectively broken through, indicating that the market has strong support in this area, but if the price cannot rebound quickly, it may continue to fluctuate or slightly correct.
2. Technical indicators:
MACD: The MACD fast line is still below the slow line. Although the distance is not large, it shows that the current market momentum is weak. If the fast line crosses the slow line, it may trigger further downward pressure.
RSI: RSI is currently around 45, indicating that the market is biased towards a neutral and weak area, but has not yet entered the oversold range, indicating that the market still has some room for decline.
EMA: EMA7 (0.00087 USDT) is lower than EMA30 (0.00088 USDT), and the short-term trend is still downward. EMA120 (0.00089 USDT) may become a resistance level for a short-term rebound. If the price rebounds to this area, be wary of selling pressure.
3. Trading volume:
Trading volume has shrunk recently, indicating that market participants are more cautious. If the trading volume increases, it may lead to an increase in price fluctuations. It is necessary to focus on the trend of trading volume changes.
Operation suggestions:
Long strategy: It is recommended to consider short-term long when the price is close to the support level of 0.00086 USDT, with the target profit target set at around 0.00089 USDT and the stop loss set at 0.00085 USDT.
Short strategy: If the price falls below the support level of 0.00086 USDT, you can short in this area, with the target profit target set at 0.00084 USDT and the stop loss set above 0.00087 USDT.
The above views are for reference only and are not investment advice.
For more real-time strategy analysis, follow the homepage.
