$NEIRO /USDT Technical Analysis and Trade Signal๐ฅ๐ฅ๐๐
Current Price: 0.00091874 USDT
Market Trend: Bearish in the short term, with a recent decline observed in both the 15-minute and 1-hour intervals.
Key Levels:
1. Support Level: 0.00090402 USDT (Recent low of the day)
2. Resistance Level: 0.00097987 USDT (Recent high of the day)
3. Target Levels:
Target 1: 0.00089000 USDT (Break of support level, short-term downtrend continuation)
Target 2: 0.00085000 USDT (Lower price target, deeper correction zone)
Target 3: 0.00098000 USDT (If market sentiment shifts positive and price breaks resistance)
Momentum Indicators:
MACD: Showing a slight bearish crossover, indicating a potential continuation of the downtrend in the short term.
RSI: Currently around 40, indicating that the asset is not yet oversold, suggesting potential for further downward movement or consolidation.
Volume: Trading volume of NEIRO remains high, suggesting significant activity and potential for sharp price fluctuations.
Trade Signal:
Entry: Consider short positions if price breaks below 0.00090402 USDT.
Stop Loss: Place stop loss above 0.00098000 USDT for risk management.
Targets: Focus on the three target levels outlined above based on market momentum:
Target 1: 0.00089000 USDT
Target 2: 0.00085000 USDT
Target 3: 0.00098000 USDT
Trade Momentum:
Bearish in the short term, with a potential for a deeper correction.
Look for short trades below the support level of 0.00090402 USDT.
Bullish reversal is possible if the price breaks above the 0.00098000 USDT resistance, signaling a shift in market sentiment.