$NEIRO /USDT is currently trading at $0.00160798, reflecting a -3.82% decline over the last 24 hours. Over the past week, the token has seen a cumulative drop of -10.67%, with a significant -36.24% correction in the past 30 days. This indicates that the market sentiment is bearish, but key levels of support and resistance offer trade opportunities for both long and short positions.
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Key Market Data
24H High: $0.00173100
24H Low: $0.00158823
Resistance Levels:
Immediate Resistance: $0.00165000
Major Resistance: $0.00173000
Support Levels:
Immediate Support: $0.00158000
Major Support: $0.00155000
Trading Volume (24H):
NEIRO: 52.69B
USDT: $87.82M
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Trading Strategies
1. Long Trade Setup
Entry Zone: $0.00158000 - $0.00160000 (near immediate support)
Target 1: $0.00165000
Target 2: $0.00170000
Target 3: $0.00173000 (if breakout occurs)
Stop Loss: $0.00155000
Reasoning:
The $0.00158000 level has shown signs of buyer interest, acting as a reliable support zone.
A rebound from this zone may provide an opportunity to capture short-term upward momentum.
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2. Short Trade Setup
Entry Zone: $0.00165000 - $0.00170000 (near immediate resistance)
Target 1: $0.00160000
Target 2: $0.00158000
Stop Loss: $0.00172000
Reasoning:
The token has consistently faced rejection near $0.00165000-$0.00170000.
A short trade at this level capitalizes on the potential pullback to the lower support zone.
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Predictions
Bullish Case:
1. Breakout Potential: A sustained break above $0.00165000 could lead NEIRO/USDT to retest $0.00173000.
2. Extended Rally: Sustaining above $0.00173000 may trigger further bullish momentum, potentially targeting $0.00180000.
Bearish Case:
1. Breakdown Risk: Failure to hold $0.00158000 may result in a drop toward $0.00155000.
2. Further Correction: A breakdown below $0.00155000 could extend losses to $0.00150000 or lower.
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Conclusion
NEIRO/USDT is currently trading within a defined range, with $0.00158000 acting as support and $0.00165000 as resistance. Traders should closely monitor these levels for breakout or rejection signals before entering trades.
Risk Management Tips:
Use stop-loss levels to limit potential losses in a volatile market.
Wait for confirmation from candlestick patterns and trading volume near key levels before entering positions.
Stay disciplined and trade wisely!#NEIROโฐ๐คซ #binancelearntoearn #Write2Earn! 
