Emergency Update for $NEIRO
The following is clearly stated, please read carefully:
Next Steps for $NEIRO
Analysis of $NEIRO/USDT on the 4-hour timeframe tells you clearly and concisely:
Price Trend: The price has dropped to 0.00173515, down 8.3%. It is now testing the 99-period moving average, indicating potential support.
Moving Average Situation:
Both the 7-period and 25-period moving averages have broken down, indicating that the short-term may continue to decline.
The price is now below these two short-term moving averages, which requires us to be more cautious.
RSI Indicator: Currently at 37.48, close to the oversold area, which suggests a potential short-term rebound, but the risk of further decline still exists.
Support and Resistance Levels:
Support is around 0.0016632.
If the price rebounds, resistance is between 0.0018642 and 0.0023333.
Signal:
Short-term View: Be cautious, as the pressure to decline is evident now.
Strategy: Either wait for confirmation of a rebound when the price approaches the support level, or if you believe in its long-term potential, buy in batches. If the price can break through 0.0018642, it may indicate a beginning of recovery.
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