Looking at the $NEIRO /USDT chart, we can see that NEIRO is experiencing a strong upward momentum, with the current price at $0.00210759, which is up by 24.73%. The 24-hour high stands at $0.00218228, and the 24-hour low at $0.00151748, indicating significant volatility. This bullish trend has been sustained over recent hours, as the price steadily rose from earlier levels.
The recent high of $0.00218228 now acts as a critical resistance point. If the price pushes past this level, we could see further bullish movement. Traders should be watching closely for any break above this point, which may signal an entry for long positions. On the flip side, support seems to be building near the $0.00178791 mark. A break below this level could indicate that the momentum is weakening, and a retracement toward the lower support at $0.00151748 is possible.
Given the increased trading volume, this trend looks sustainable in the short term. However, with high volatility, risk management is crucial, especially with potential corrections. Traders can look to take profit near resistance levels and consider entering short positions if key support breaks, ensuring proper stop-loss measures to manage risk effectively.
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