Technical Analysis of #NEIRO (4H)

Key Levels:

🛑 Main Support: $0.00085463

🚧 Strong Resistance: $0.00157114

🔄 Mid-Range Level: $0.00106839 (current price)

💡 Buy Recommendations (Long):

1️⃣ Buy near support ($0.00085463):

🔽 If the price retests this support level and shows reversal signals, it’s a great entry point for a long position.

2️⃣ Breakout above $0.00157114:

🚀 A breakout above this resistance with strong volume confirms an uptrend.

3️⃣ Retest of broken resistance as support ($0.00157114):

🔄 After a breakout and confirmation of the level as new support, consider entering a long position.

💰 Sell Recommendations (Short):

1️⃣ Sell near resistance ($0.00157114):

💡 If the price reaches this resistance level and shows signs of weakening, it’s an opportunity to short.

2️⃣ Breakdown of support ($0.00085463):

🚨 If the price breaks below this support level, consider opening a short position after confirmation.

Take Profit Targets:

1️⃣ First Target: $0.00120000

🎯 For short-term trades.

2️⃣ Second Target: $0.00140000

🔄 Next key level.

3️⃣ Third Target: $0.00170000

🚀 Potential resistance in case of strong upward momentum.

⚠️ Stop-Loss:

For Longs: $0.00080000 (below support).

For Shorts: $0.00160000 (above resistance).

Conclusion:

The current consolidation around $0.00106839 may provide a good entry point depending on the price direction. Always monitor volumes and indicator signals (RSI, MACD).

📈 Don’t forget to manage risks and use stop-loss orders!

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