$NEIRO #BinancUS #Everyone #follower
### NEIRO/USDT (15m Chart)

#### **Trend Analysis**
- **Current Trend:** The asset was in an **uptrend**, but the recent decline indicates the potential start of a **short-term downward trend**. The price has fallen below the 7-period and 25-period moving averages, which is bearish.
- The **MA (7)** is at **0.0011484**, and the price is currently trading below this level, suggesting short-term bearish momentum.

#### **Support and Resistance Levels**
- **Support:**
- **Immediate support** is around **0.001024**, the recent low.
- **Stronger support** lies near your short-entry level of **0.00095**.
- **Resistance:**
- **Immediate resistance** is around **0.0012271** (recent high).
- A second resistance level is at **0.001160** (25-period MA).

#### **Japanese Candlestick Analysis**
- Recent candles show **bearish pressure**, particularly with the rejection at **0.0012271**, followed by multiple red candles. This suggests **further downside potential** in the near term.

#### **Indicators and Oscillators**
- **MACD:** The **MACD** is in a **bearish crossover** (DIF < DEA), confirming the weakening momentum.
- **RSI (6):** The RSI is around **31.09**, approaching oversold territory. This indicates that a reversal may occur soon, but the short-term momentum is still bearish.

#### **Volume Analysis**
- **Volume has spiked** during the recent sell-off, confirming the strength of the current downward move. However, decreasing volume on the way down suggests the selling pressure might be cooling off soon.

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### **Trading Recommendations**

#### **Short-Term Strategy (1-2 hours)**:
- Since you've taken a **short position at 0.00095**, you're already in a good spot. The price is still hovering above your entry, but **watch for a potential test of the support at 0.001024**.
- If **0.001024 breaks**, hold the short as the next target could be **0.00097**. You may want to **adjust your stop-loss** to **0.00116** (25-period MA), above the recent resistance.

#### **Long-Term Strategy (1-2 days)**:
- For a longer-term strategy, wait for a clearer trend confirmation. If the **0.001024 support** holds, the price could rebound and test higher levels. If you're still holding a short, consider taking profit near **0.00095** (your entry point) as it's a significant support level.

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### **Trading Recommendation** 💼:
- For your **short position**, **hold the short** as long as the price remains below **0.001160**. Set a **stop-loss** at **0.00116**, and your **take profit** at **0.00097**.

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