NEIRO market analysis today:
1. K-line pattern:
NEIRO is currently priced at 0.00214 USDT, and has recently shown a fluctuating upward trend. The short-term support level below is 0.00200 USDT, and the main resistance level above is 0.00230 USDT. The price has tried to break through 0.00230 USDT many times, but the selling pressure is strong and it has failed. If it can break through this resistance level, it may rise further to 0.00250 USDT or even 0.00270 USDT; if it fails to break through, the price may pull back to the support area of 0.00200 USDT or even 0.00180 USDT.
2. Technical indicators:
MACD: The MACD fast line continues to diverge above the zero axis, indicating that the bullish momentum of the market is still strong. If this trend continues, the price is expected to rise further; but if the fast and slow lines begin to converge, there may be a pullback.
RSI: The current RSI is 66, indicating that the market sentiment is optimistic, but close to the overbought area. If RSI breaks through 70, there may be a pullback pressure.
EMA: The short-term EMA7 (0.00212 USDT) is higher than the EMA30 (0.00208 USDT), indicating that the market is trending upward in the short term, but the EMA120 (0.00230 USDT) is the main resistance above and needs to be paid attention to.
3. Volume:
The volume has increased during the recent rise, indicating that the buying power is strong. If the price breaks through 0.00230 USDT accompanied by an increase in volume, it may push the price up further.
Operation suggestions:
Long:
Entry point: You can consider entering the market to go long when the price pulls back to 0.00205 USDT.
Target stop profit: The first stop profit level is set at 0.00230 USDT, the second stop profit level is set at 0.00250 USDT, and the higher target can be seen at 0.00270 USDT.
Stop loss point: The stop loss can be set at 0.00180 USDT to prevent the price from falling below the main support area.
Short:
Entry point: If the price encounters resistance at 0.00230 USDT and does not break through, you can consider shorting.
Target profit: The first stop profit level is set at 0.00200 USDT, and the second stop profit level is set at 0.00180 USDT.
Stop loss point: The stop loss can be set at 0.00235 USDT to prevent the price from breaking through resistance.
The above views are for reference only and are not intended as investment advice.
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