🚀 NEIRO/USDT - Bullish Momentum Breakout 🚀
NEIRO/USDT is currently trading at $0.0021281, up 13.69%, reflecting strong bullish momentum after breaking out from key resistance levels. The chart shows sustained upward movement supported by bullish order blocks (OB) and previous bearish resistance now acting as support.
🔥 Key Observations:
Bullish OBs: Strong support levels between $0.0016821 - $0.0015185 helped fuel the breakout.
Bearish OBs Overcome: NEIRO managed to surpass multiple bearish OBs at $0.001985 and $0.001349, indicating diminishing selling pressure.
Uptrend Channel: The price is following an upward green trendline, showing sustained buying interest and forming higher highs.
🎯 Long Setup:
🚀 Entry for Long: Look for entries near $0.0018999, as the trendline continues to act as dynamic support.
🎯 Take Profit Targets for Long:
1. TP1: $0.0022500 — Minor resistance level.
2. TP2: $0.0023000 — Retest of previous highs.
3. TP3: $0.0025000 — An extended target if bullish momentum persists.
🛡️ Stop Loss for Long: Place a stop loss below $0.0016821, under the last Bullish OB, to minimize downside risk.
📉 Short Setup (In Case of Reversal):
🚀 Entry for Short: A potential short can be entered if price rejects from $0.0021281 with bearish signals or a double-top formation.
🎯 Take Profit Targets for Short:
1. TP1: $0.0018999 — Minor pullback zone.
2. TP2: $0.0016821 — Key support to watch for buyers.
3. TP3: $0.0015185 — Lower OB, an aggressive target if momentum reverses.
🛡️ Stop Loss for Short: Place a stop loss just above $0.0021500 to protect against further bullish continuation.
📈 Market Sentiment: With the breakout from bearish OBs and sustained buying pressure, the outlook remains positive. However, monitoring the price action around $0.0021281 will be critical to determine whether the rally can extend further or face rejection.
