NEIRO/USDT: Potential Short-Term Sell Signal
Analysis:
The NEIRO/USDT chart indicates a potential short-term bearish trend. The price is currently trading below a key resistance level at 0.00175402. A downward trend is evident, supported by decreasing volume.
Support and Resistance:
* Support: 0.00166320
* Resistance: 0.00175402 (broken)
Entry Strategy:
A conservative approach would be to wait for a slight pullback to the 0.00175402 level before entering a short position. This would offer a potential selling opportunity with a lower risk profile.
Stop-Loss:
A stop-loss can be placed above the previous resistance level at 0.00175402.
Target:
The initial target is the 24-hour low at 0.00166320. If the price breaks below this level, it could signal further downside potential.
Note: This analysis is based on the provided chart and may change as market conditions evolve. Always conduct your own research and consider risk management before making any investment decisions.
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