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๐ค๐คEnter my first article in the ๐Reward๐๐ค๐ค
$NEIRO Currency Recommendations
1. Current price ๐ช
๐ฐ Price: 0.00100286 USDT
โฌ๏ธ 24-hour rise: +0.07%
โฌ๏ธ Lowest price in 24 hours: 0.00085463
๐ Highest price in 24 hours: 0.00103613
๐ Reading:
The current price indicates an attempt to rise after a drop to a strong support level (0.00085463). The current resistance at 0.00103613 may be an obstacle to further rise.
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2. Moving Averages (MA) ๐ก
๐ MA(7): 0.00095019
๐ MA(25): 0.0009582
๐ MA(99): 0.00126066
๐ Reading:
The price is above MA(7) and MA(25), indicating short-term positive momentum.
To achieve a medium to long term uptrend, the price needs to break through MA(99).
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3. Relative Strength Index (RSI) ๐ช
โ ๏ธ RSI(6): 76.91
๐ Reading:
The current value of the RSI indicator reflects an overbought condition ๐, which means that the currency may face a correction soon.
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4. Stochastic RSI Indicator ๐
%K: 83.54
%D: 67.71
โ Stochastic RSI: 99.93
๐ Reading:
Very strong overbought conditions appear on the Stochastic RSI, which increases the possibility of a short-term correction.
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5. Volume ๐
๐ 24h Trading Volume: 198.06M
๐ Reading:
Trading volume reflects limited interest at the moment, but the slight uptick could mean strong moves ahead.
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6. Other Momentum Indicators ๐ฆ
๐ด MACD: 0.00001838 (positive momentum but weak)
โ๏ธ Wm%R(14): -4.24 (overbought)
๐ Reading:
Momentum indicators confirm a weak uptrend that may reverse soon.
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7. Support and resistance levels ๐ก๏ธ
๐ข Nearby support: 0.00085463
๐ Nearby resistance: 0.00103613
๐ด Next resistance: 0.00126066
๐ Reading:
The support at 0.00085463 is very strong, and the price is likely to bounce from it if a correction occurs.
If the price successfully breaks 0.00103613, the next target will be 0.00126066.
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๐ฏ Expected goals for the currency ๐
1. First target (short term): 0.00103613
If it is broken, the price will continue towards the next target.
2. Second target (medium term): 0.00126066
It requires strong buying momentum and a solid support level.
3. Third goal (long term): 0.00150000 $NEIRO
It needs a strong break and large trading volumes.
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๐ก Recommendations
1. For the short term:
Buy after breaking the resistance at 0.00103613 with a stop loss below 0.00090000.
2. For long-term investors:
Entry at strong support 0.00085463 if correction occurs.
3. โ ๏ธ Caution required:
Overbought conditions may lead to a sudden correction, so the market should be watched closely.
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๐ฌ Final Summary
$NEIRO is showing short-term positive signals, but the presence of strong overbought conditions increases the possibility of a correction soon.
๐ Tip: Do not enter the market until resistance is broken or at strong support levels! ๐
