NEIRO price has sharply dropped by 19.15% in the short term, reflecting strong bearish sentiment in the market.
From the short-term MA (5-day moving average) perspective, the current price remains below the short-term moving average, indicating that the downward trend has not yet ended.
During the price decline, trading volume has increased, which may indicate significant selling pressure in the market or could be a signal that funds are looking for reversal opportunities. The key will be whether there are signs of a rebound in the future.
Suggestions are as follows:
1. Short-term rebound opportunities
Oversold repair logic: When the RSI is at a very low level, there is generally a demand for a rebound. Consider lightly entering long positions in the current price area, but be sure to set strict stop-losses, such as exiting if the price falls another 5%. Observe key resistance levels: If NEIRO can break through the short-term MA (5-day moving average), it may open up space for a rebound.
2. Maintain a wait-and-see position
Responding to expanded selling: If the selling continues to intensify, it is advisable to wait for market sentiment to cool down, and only enter the market after the price stabilizes. Focus on the previous round's bottom price as a reference for the support range. Consider the continuation of the trend: The current bearish momentum is strong, and without sufficient buying support, the price is likely to continue to test lower levels. Additionally, the stability of the broader market has a significant impact on NEIRO's rebound, so it is crucial to closely monitor overall market sentiment.
For friends with a more aggressive trading style, you can try to take advantage of short-term rebounds, but be sure to have stop-loss protection measures in place; while conservative investors may choose to wait and take action only after the market stabilizes.
