NEIRO market analysis today:
1. K-line pattern:
NEIRO is currently priced at 0.00154 USDT, and has recently shown a fluctuating upward trend. The lower support level is 0.00150 USDT, while the upper resistance level is 0.00160 USDT. The price has tested the resistance level many times, but has not yet effectively broken through, indicating that there is strong selling pressure in this area.
If the price successfully breaks through 0.00160 USDT, it may rise further to 0.00170 USDT or even 0.00180 USDT; if it fails to break through, the price may pull back to 0.00150 USDT, or even further test the support area of 0.00140 USDT.
2. Technical indicators:
MACD: The MACD fast line is above the zero axis and upward, indicating that the market bullish momentum is strong. If the fast line continues to diverge from the slow line, the price may continue to rise; if the fast line gradually approaches the slow line, it may indicate a short-term correction.
RSI: The current RSI value is 65, indicating that the market sentiment is relatively optimistic, but it is close to the overbought area (above 70). If it breaks through 70, there may be a short-term correction risk.
EMA: The short-term EMA30 (0.00153 USDT) is higher than EMA120 (0.00150 USDT), indicating that the current trend is bullish. If the price breaks through and stabilizes above EMA7 (0.00155 USDT), the trend will be further confirmed.
3. Volume:
The volume has increased during the recent rise, indicating that the market buying power has increased. If the price breaks through 0.00160 USDT with an increase in volume, it may push the price further up to 0.00170 USDT or even higher.
Operation suggestions:
Long:
Entry point: When the price pulls back to around 0.00150 USDT, you can consider entering the market to do long.
Target profit: The first stop profit is set at 0.00170 USDT, and the second stop profit is set at 0.00180 USDT. If it breaks higher, continue to hold.
Stop loss point: The stop loss is set below 0.00140 USDT to prevent the price from falling below the key support area.
Short:
Entry point: If the price encounters resistance at 0.00160 USDT and does not break through, you can short in this area.
Target profit: The first stop profit is set at 0.00150 USDT, and the second stop profit is set at the 0.00140 USDT support area.
Stop loss point: The stop loss is set above 0.00165 USDT to prevent the price from breaking through the resistance level.
