$NEIRO $NEIRO The $NEIRO /USDT pair is currently in a downtrend. The price has been steadily declining, indicating bearish sentiment among traders.

Support and Resistance

Strong Support: $0.00140000 (24h Low)

Immediate Support: $0.00138165 (Depth Level)

Immediate Resistance: $0.00142235 (Current Price)

Strong Resistance: $0.00156891 (24h High)

Entry Signal

A retest of the broken support level at $0.00140000 could provide a potential short-selling opportunity. This retest can act as a confirmation of the downtrend and provide a better entry point with reduced risk.

Trading Strategy

Sell Entry: Wait for a retest of the broken support level at $0.00140000.

Stop-Loss: Place a stop-loss order above the recent swing high.

Take-Profit: Set a take-profit target near the next significant support level.

Additional Considerations

Volume: Monitor trading volume. Increased volume during a breakdown can confirm the strength of the move.

Market Sentiment: Consider broader market sentiment and news events that may impact NEIRO's price.

Risk Management: Always practice proper risk management by using stop-loss orders and position sizing.#CryptoAMA #29thBNBBurn #16thBTCWhitePaperAnniv #USNFPCooldown #Write2Earn!