$neiroeth #NEIROETHUSDT
NEIROETHUSDT Perpetual Long Call Signal:
Entry Price: 0.1150
The price has shown strong recovery momentum, breaking above key moving averages.
Stop Loss (SL): 0.1000
Set below the recent support level to manage risk.
Take Profit (TP) Targets:
TP1: 0.1250
Targeting a further push higher as the price maintains momentum.
TP2: 0.1350
Aiming for a continuation towards previous resistance levels.
TP3: 0.1500
Psychological level and a round number target for extended gains.
TP4: 0.1650
Capturing full upside potential if the rally continues.
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Why Long?
Strong Recovery: The price has bounced back sharply from the lows with high volume, indicating strong buying interest.
Overbought RSI: RSI is at 81.28, signaling strong momentum, but caution is warranted as it may also indicate a potential pullback soon. However, the negative funding rate suggests that shorts are paying longs, which can lead to further upward pressure if a short squeeze occurs.
