NEIRO Purchasing Alert

Chart analysis indicates that this asset’s price recently faced a strong resistance near 0.0021627 and is now in a downward correction phase. Here are key observations:

1. Support Levels:

• The immediate support is near 0.0018017 (recent low).

• Stronger support lies around 0.0017836, based on historical price action and nearby Fibonacci retracement levels.

2. Safe Buying Zone:

• If the price reaches 0.0017836-0.0018000, it could be a good entry point for a short-term trade, assuming there are no major bearish trends.

3. Resistance Levels:

• If the price rebounds, initial resistance lies around 0.0019600.

• A significant upward move could test 0.0020484 and potentially retest 0.0021627 if bullish momentum builds.

4. Indicators:

• RSI (6) is at 12.28, indicating an oversold condition, which often leads to a reversal or at least a short-term bounce.

• Volume shows recent increased activity, which could signal either profit-taking or preparation for a bounce.

Summary

• Buy Range: 0.0017836-0.0018000.

• Short-Term Target: 0.0019600-0.0020484.

• Breakout Target: 0.0021627 or higher if bullish sentiment resumes.

• If the price falls below 0.0017800, it might signal further bearish movement, so a stop-loss around this area is recommended.

Let me know if you need a more detailed strategy.