$NEIRO Want to take advantage of this currency's hype, but don't know if this is a good time to buy?

Let's raise some points to consider:

- The price is in a downtrend, with a sequence of bearish bars forming a descending channel: This suggests that sellers are in control of the market;

- There has been a rapid and sharp drop in recent periods, characterizing a possible "exhaustion" movement of sales: This may indicate a buying opportunity, but you still need to wait for confirmation;

- Technical indicators such as RSI and MACD are at low levels, signaling that the asset may be "oversold": although a good signal, this is not enough for a buy entry, as the market may remain in this state for some time.

Therefore, based on the price action analysis, I would not recommend a buy entry at this time. It would be prudent to wait for a confirmation of a trend reversal, such as the formation of a support pattern, before considering a buy position. The risk of a continued decline still appears high.