$NEIROETH
1. Price Action:
The price is currently at 0.0917, which is up +4.20%.
There was a recent high of 0.0986, but the price retraced and now seems to be stabilizing around the 0.0917 level.
2. Moving Averages (MA):
The MA(7) is at 0.0917 (aligned with the current price).
The MA(25) is at 0.0930, showing resistance overhead.
The MA(99) is at 0.0915, indicating longer-term support around this price.
3. Indicators:
MACD: It shows slight negative momentum (MACD: -0.0003), indicating caution for immediate buying.
Volume: The 24h volume for NEIROETH is high at 1.74B, suggesting decent liquidity and interest.
4. Support and Resistance:
Immediate support seems to be around 0.0916 (mark price).
Resistance is seen around 0.0930 and further at the recent high of 0.0986.
Possible Entry Strategy:
Conservative Approach: Wait for a breakout above the 0.0930 level (MA25), confirming a bullish trend.
Aggressive Approach: Enter now at 0.0917 with a tight stop loss below 0.0887 (recent low). This would be an early entry, but riskier considering the current MACD and retracement.
