$NEIRO /USDT Potential Bearish Continuation
NEIRO/USDT has been on a downward trend for the past few days, with the price declining from a high of 0.00141643 to the current level of 0.00114168. The 4-hour chart shows a clear bearish momentum, with lower highs and lower lows forming. The Relative Strength Index (RSI) is currently at 41.74, indicating oversold conditions.
Trade Setup:
* Entry: Consider entering a short position at the current market price of 0.00114168.
* Stop Loss: Place a stop loss order above the recent swing high at 0.00123560.
* Take Profit 1: Target the first take-profit at 0.00109354, which is the recent swing low.
* Take Profit 2: A more aggressive target could be 0.00100000, which is the next significant support level.
* Take Profit 3: The final target could be 0.00093540, which is the psychological level of 0.001.
Caution:
* The cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
* Always use proper risk management techniques, such as stop-loss orders, to protect your capital.
* It is important to conduct your own research and analysis before making any trading decisions.
