Binance Technical Analysis: $NEIRO /USDT
Current Price: $0.00098940 (+4.30%)
Timeframe: 30m chart
Analysis Overview:
$NEIRO /USDT has shown a positive momentum today, rising by 4.30%. However, recent candles indicate some consolidation. The price action suggests potential for both upward continuation and short-term corrections, depending on key resistance and support levels.
Targets
1. Immediate Resistance (Target 1): $0.00102000
A short-term resistance level where price has faced selling pressure.
A breakout above this level could trigger a bullish continuation.
2. Mid-Term Resistance (Target 2): $0.00106000
A significant level close to the 24h high.
Sustained movement above this level signals strong buyer confidence.
3. Extended Bullish Target (Target 3): $0.00110000
A psychological resistance level and key long-term target.
Reaching this level confirms a strong bullish breakout.
Risk Management
Support Level: $0.00096000
A key support zone to monitor for potential price rebounds.
Falling below this level may indicate increased bearish pressure.
Stop-Loss Suggestion: $0.00095000 to limit downside risks.
Trading Insights:
Short-Term Opportunity: Monitor for a breakout above $0.00102000 to target $0.00106000.
Long-Term Opportunity: Sustained trading above $0.00106000 opens the path toward $0.00110000.
Advice: Secure partial profits at $0.00102000 and adjust stop-loss to $0.00098000 to protect gains while minimizing risks.
