NEIRO USDT Near Breakout, But No Entry Yet!
#NEIRO #NEIROETHUSDT #Breakout #BinanceTurns7
NEIRO USDT is signalling a breakout, according to my BULL PLOTTER, but there’s no entry yet. The indicator shows NEIRO is primed to launch once the plotter taps the body of the current candlestick or wick. Using the stochastic RSI on a 4-hour timeframe, traders should wait for the BULL momentum to cross line 24 for entry.
However, avoid entry if Bitcoin is in a downtrend, as its movement can affect NEIRO’s trajectory. NEIRO might not be ready for a breakout until the end of September. On a 15-minute timeframe, NEIRO is reading a potential downtrend to $0.0033, which also acts as a key demand zone on the 1-hour chart.
Exit points are critical, as rejection levels could create smart money traps. Watch for a narrowing ghost cloud alongside the breakout signal. Stay vigilant and keep an eye on Bitcoin's trend as well.
