$NEIRO /USDT: Bearish Momentum Continues – Key Support at Risk
$NEIRO is currently trading at $0.00093796, down by -13.12% after failing to sustain its 24-hour high of $0.00109853 and dropping to a low of $0.00092800. The RSI is at 21.75, suggesting that the pair is nearing oversold territory with a potential for a short-term bounce.
Key Levels to Watch:
Resistance: $0.00095000 – Breaking above this level could lead to further recovery toward $0.00098000 and $0.00102000.
Support: $0.00092800 – A breakdown below this level might drive the price toward $0.00091000 or lower.
Trade Setup:
Long Entry: Above $0.00095000, targeting $0.00098000 and $0.00102000.
Short Entry: Below $0.00092800, targeting $0.00091000 and $0.00089000.
Stop-Loss: Set at $0.00097000 for longs or $0.00092000 for shorts.
Market Insight:
NEIRO is under strong selling pressure, but oversold conditions could result in a short-term rebound. The MACD confirms bearish momentum, with increased volume indicating heightened volatility. Monitor the price action at key levels before entering a position.