The current state of $NEIRO reveals an intriguing dynamic. The token has garnered the attention of roughly 30,000 significant investors, including whales. These large players tend to follow a predictable pattern: they sell when the token reaches its peak, causing panic across the market. As smaller investors rush to sell, prices plummet. Once it hits rock bottom, whales swoop back in, buying up large amounts and driving the price to new highs.
What should you do in this situation? If you're already holding $NEIRO , patience is key. Holding onto your tokens now could be a wise move, as the market seems to be nearing its lowest point. If you're considering entering the market, this could be an opportune time to buy, as the price appears to have bottomed out.
However, if you're involved in futures trading, it might be best to avoid $NEIRO for now. The market is not favorable for those holding long positions, as prices may continue to decline. A bull run is unlikely when the majority of traders are in long positions, so a further dip might be on the horizon. The chart shows clear signs of whales selling off to push prices down, only to buy again once the bottom is reached.
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