NEIRO's Rising Wedge : Caution Ahead for Investors

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The NEIRO token is currently forming a **rising wedge pattern**, a structural indication that its long-term bullish trend may have run its course. A rising wedge often signals a potential pullback, especially after reaching a significant high, and traders should be cautious as the market could be poised for a decline.

Despite recent bullish momentum, chasing the price upward at this stage could be risky due to increasing selling pressure. Traders are advised to monitor the **neckline** as the next potential support level, should the price start to retrace.

Conclusion :

With NEIRO showing signs of a rising wedge, a pullback could be imminent. Investors should be prepared for potential downward movement after the strong bullish trend.

Advice :

Avoid chasing the rise, and focus on the neckline support. It's essential to manage risk by setting clear stop-loss points and remaining cautious in the face of selling pressure, as this pattern suggests a possible reversal.