NEIRO displays exceptional bullish character, consolidating within a strong uptrend. The coin moves in steps, with pullbacks forming the lower boundary of consolidation, accumulating potential for trend continuation.
Current Price: $0.00188567 (-4.34%)
Resistance Levels: $0.002182
Support Levels: $0.0018355
Consolidation Range: $0.001835 - $0.0021
Key Observations:
- The extreme support retest confirmed the accumulation boundary without updating the local minimum, indicating the correction's end.
- Prolonged trade near resistance will signal readiness to leave accumulation and enter the realization phase.
- Consolidation's upper boundary ($0.002182) is crucial for breakout confirmation.
- Volume decrease during consolidation suggests accumulating strength for the next move.
Bullish Signs:
- Higher highs and higher lows maintain the uptrend.
- RSI suggests room for growth without overbought conditions.
Strategy:
- Wait for prolonged trade near resistance ($0.002182) before entering long positions.
- Stop-loss below support ($0.0018355).
- Target: $0.0025 (23% increase) and $0.0030 (59% increase) in the medium term.
Market Sentiment:
- Exceptionally bullish movement.
- Consolidation prepares for trend continuation.
