$NEIRO $NEIRO The $NEIRO /USDT pair has been consolidating in a downward trend, forming a clear downward channel. The recent price action suggests potential bearish momentum, but there are also signs of a potential reversal.

Key Support and Resistance Levels:

Resistance: The upper trendline of the channel acts as strong resistance. Currently, the price is hovering around the 0.00138361 level, which coincides with the 20-day moving average and the lower Bollinger Band. Breaking above this level could signal a potential reversal to the upside.

Support: The lower trendline of the channel provides strong support. If the price breaks below this level, it could lead to further downside and potentially retest the previous support level around 0.00132556.

Entry Signal:

A potential entry signal could be a bullish divergence between the price and the RSI (Relative Strength Index). If the price forms lower lows while the RSI forms higher lows, it could indicate a bullish divergence and a potential reversal.

Trading Strategy:

Conservative: Wait for a clear break above the upper trendline of the channel with increased volume to confirm a bullish reversal.

Aggressive: Consider a potential short position if the price breaks below the lower trendline of the channel with increased volume.#TetherAEDLaunch #USEquitiesRebound #CryptoAMA #BTCMiningRevenue #Write2Earn!