can hold token...or sell?

$NEIRO

/USDT Technical Analysis🚀

Current Price: 0.00188364 USDT

24h High: 0.00204958 USDT

24h Low: 0.00176820 USDT

Indicators:

Bollinger Bands (20, 2):

Upper Band: 0.00197087 USDT

Middle Band: 0.00191192 USDT

Lower Band: 0.00185297 USDT

Parabolic SAR: 0.00186155 USDT (this is currently acting as support)

Momentum: The price is showing a positive momentum (+4.81%) in the last 24 hours and has increased by 8.65% in the last 7 days.

Trade Signal:

Support: The current Parabolic SAR at 0.00186155 USDT is acting as support.

Resistance: The upper Bollinger Band at 0.00197087 USDT is the immediate resistance.

Target Levels 🎯:

1. Target 1 (Short-term Resistance): 0.00197087 USDT (Upper Bollinger Band)

If the price continues upward, this level could act as the first point of resistance. A breakout above this level might lead to further bullish movement.

2. Target 2 (Medium-term Resistance): 0.00202000 USDT

This level is just below the 24h high and represents the next key resistance zone. A price break above this could signal further continuation of the upward trend.

3. Target 3 (Long-term Resistance): 0.00208000 USDT

This level represents a psychological resistance point and could be seen if bullish momentum persists, especially if volume increases.

Trade Momentum:

The positive momentum of +4.81% in the last 24 hours, alongside the 8.65% increase in the past 7 days, suggests that buyers are in control.

Next Move: If NEIRO/USDT breaks above the upper Bollinger Band (0.00197087), it could signal further upward movement. However, if the price fails to break through this resistance level, it might retrace towards the support (around 0.00186155).

Stop Loss (SL) and Take Profit (TP) Strategy:

SL: Set stop-loss near 0.00185297 USDT (just below the lower Bollinger Band), which provides a good risk-to-reward ratio.

TP:

First Take Profit (TP1) at 0.00197087 (upper Bollinger Band)

Second Take Profit (TP2) at 0.00202000, depending on price action and volume.

#MarketInTheGreen