#BTC再创新高97k
Brothers, Brother Tian is here to analyze the current trend of NEIRO for you, let's see if this sharp drop is an opportunity or a pit.
Price Movement:
The price of NEIRO has suddenly dropped by 19.15%, looking at the market bears, it’s quite fierce.
The RSI value is now at 14.21, which indicates that the market is oversold, and in the past, this situation often led to a small rebound. Let's take a look at the short-term moving average (5-day line), the price is still below it, indicating that the decline is not over yet.
During the decline, the trading volume has increased, which means either many people are selling, or someone is looking for an opportunity to buy the dip. The key is to see if the price can stabilize and stop falling.
Brother Tian gives you some advice: Should we try for a short-term rebound, or wait and see?
Try for a short-term rebound
Generally, overselling will lead to a rebound, you can try to go long with a small position near the current price, but make sure to set a stop loss (for example, if it drops another 5%, just get out). Also, keep an eye on the resistance level; if NEIRO can break through the short-term moving average (5-day line), then the rebound space may open up.
Wait and see
If the selling continues to intensify, then don't rush to enter the market; wait for the market sentiment to stabilize and the price to hold before taking action. The support level can refer to the previous round's lowest price.
The bearish force is quite strong now; if there are no buyers supporting it, the price may continue to explore the bottom. Moreover, the stability of the overall market is also important for NEIRO's rebound, so keep an eye on market sentiment.
To summarize
Brother Tian thinks that bold brothers can try for a rebound, but they must set a stop loss. More cautious brothers should wait for the market to stabilize before making any moves.
NEIRO, with its volatile price fluctuations, is a great place for experts to showcase their skills; we must seize the opportunity to act! Brother Tian's fan group will keep a close watch on NEIRO's movements, and will inform you immediately of any new developments!
Dedicated to helping more people, a quality circle to obtain information can go further and more steadily, focusing on contracts, joining conditions: real players!
