technical analysis and trade signal for the $NEIRO /USDT pair, based on the current data:

Current Price: 0.00106689 USDT

24h High: 0.00114798 USDT

24h Low: 0.00104701 USDT

Trend: The price has shown a decline of -5.94% in the last 24 hours, with a clear downtrend.

Support Level: 0.00104701 USDT (recent low), which could act as a strong support if the price continues to decline.

Resistance Level: 0.00114798 USDT (recent high), which is acting as the resistance to break through for a potential bullish move.

Trade Momentum:

The price has been moving lower, with a significant decrease in the past few hours. The market sentiment is currently bearish.

The momentum is showing a decline, especially with the negative changes across various timeframes (15m, 1h, 4h, and 1D).

Trade Signal:

Sell Signal: Given the recent decline and negative momentum, traders should consider selling near current price levels if the price continues to fall below the support level.

Target Levels:

1. Target 1: 0.00104701 USDT (Strong support level).

If the price drops and breaks below the current level, the first target is the support level, where a bounce may happen.

2. Target 2: 0.00095000 USDT (Next support zone).

If the market continues its bearish momentum, expect the price to potentially target the next support zone around 0.00095000 USDT.

3. Target 3: 0.00090000 USDT (Extended support zone).

In case of further bearish action, the next extended target may be around 0.00090000 USDT.

Stop Loss:

A tight stop loss around 0.00112 USDT can be used to limit risks if the price moves in the opposite direction.

Conclusion:

The current trend is bearish, and the price might continue to decline, targeting the support levels. It's a sell opportunity with clear targets and a stop-loss strategy to mitigate risk.

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