$NEIRO /USDT Analysis 📉
Here’s my detailed view on NEIR/USDT:
Key Resistance Zone:
The price is currently struggling to break the 0.00096–0.00098 zone, which is acting as a strong resistance. This area has shown consistent rejections, indicating seller dominance.
Bearish Outlook:
On the 15-minute and 1-hour timeframes, the market structure appears weak, with lower highs forming. If the resistance holds, we could see further downward movement.
Targets:
Short-term: Price may drop to the 0.00092–0.00090 levels.
Long-term: A break below 0.00085 is possible if bearish pressure continues. This would open the door to deeper declines.
Market Context:
Look for rejection candles or bearish confirmations at the resistance zone.Be cautious of fakeouts, especially during volatile market conditions.
Trading Tip:
Wait for clear signals before entering. If the market breaks below 0.00092 with strong momentum, it could validate the bearish scenario. Manage risk effectively and always use stop-loss orders.
Let’s see how the market plays out! 📊 Trade wisely and stay sharp. 💡
This is my personal Analysis. Always DYOR.
