Technical Analysis for $NEIRO

/USDT🚀🎯

Current Price: $0.00208301

24h High: $0.00214736

24h Low: $0.00162612

Key Indicators

Bollinger Bands (20, 2):

Upper Band: $0.00201513

Middle Band (MB): $0.00182463

Lower Band (DN): $0.00163413

Parabolic SAR: $0.00176234 (currently indicating a bullish trend)

Volume: 164.77B NEIRO and 302.00M USDT over 24 hours

Support and Resistance Levels

Support: $0.00176234 (Parabolic SAR), $0.00163413 (Lower Bollinger Band)

Resistance: $0.00201513 (Upper Bollinger Band), $0.00214736 (24h High)

Momentum

The price is currently above the Parabolic SAR ($0.00176234), suggesting a bullish momentum.

Bollinger Bands indicate the price is moving closer to the upper band, implying continued upward movement, but also potential resistance around $0.00201513.

The price has already risen 9.49% in the last 24 hours, suggesting strong momentum.

Trade Signal

Buy Signal:

Entry Point: Around $0.0020800 – $0.0021000 (near the current price and just below the upper Bollinger Band)

Stop-Loss: $0.00176234 (just below the Parabolic SAR and the support zone)

Target Levels:

1. Target 1: $0.00214736 (24h High – immediate resistance level)

2. Target 2: $0.00220000 (next psychological resistance level if the price breaks through the 24h High)

3. Target 3: $0.00230000 (further upside if bullish momentum continues)

Trade Momentum:

The price is likely to continue moving up in the short term due to strong bullish momentum, but be cautious as it nears resistance levels. Watch for any signs of consolidation or price reversal.

Summary

This is a bullish trade setup, with entry near current levels and a stop-loss placed under the Parabolic SAR. The targets are based on the nearest resistance levels and potential for further momentum. Keep an eye on market conditions and adjust as needed, especially around key resistance points.

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