$NEIRO
/USDT Technical Analysis and Trade Signals 🚀 🎯
Indicators in Play:
1. Bollinger Bands (20, 2):
Upper Band (UP): 0.00184648
Middle Band (MB): 0.00181826
Lower Band (DN): 0.00179005
Current price is near the Middle Band and above the Lower Band, indicating a possible range-bound consolidation or a reversal zone.
2. SAR (0.02, 0.2):
SAR is at 0.00184467, above the current price, confirming a short-term bearish trend.
3. Support & Resistance Levels:
Support: 0.00170389 (24h low, key support area).
Resistance: 0.00184648 (Bollinger Upper Band) and 0.00195643 (24h high).
Summary:
Current price is consolidating near the Middle Band after a sharp decline.
Increased volume (224M USDT) suggests significant trading interest, making this a potential rebound or breakdown zone.
Trade Strategy
Setup:
Entry Zone: 0.001810 - 0.001820 (near Middle Band).
Stop Loss: 0.001700 (below the Lower Band and 24h low).
Risk-Reward Ratio (RRR): Aim for a minimum of 1:2 or 1:3.
Targets 🎯:
1. Target 1 (T1): 0.00184648 (Bollinger Upper Band) – Short-term resistance.
2. Target 2 (T2): 0.00190000 (psychological level and pre-downtrend zone).
3. Target 3 (T3): 0.00195643 (24h high, strong resistance level).
Entry Types:
1. For Long Trades (Reversal Setup):
Buy between 0.001810 - 0.001820 if the price stabilizes above the Middle Band.
Confirmation: Look for increased volume or SAR flipping below the price.
Targets: T1, T2, and T3 sequentially.
Stop Loss: Strictly below 0.001700.
2. For Short Trades (Breakdown Setup):
Sell if the price breaks below 0.001790 (Lower Band).
Confirmation: Watch for high sell volume and price rejection near 0.001800.
Targets:
First target: 0.001750
Extended target: 0.001700
Stop Loss: Above 0.001820.
Risk Management:
Use 1-2% of capital per trade.
Exit the trade early if the price closes above/below the bands contrary to your setup.
