$NEIRO
1. Current Support:
The price is moving near the support level at 0.00134746 (0.786 Fibonacci level). If the price can maintain this support, there is a possibility of an upward move.
2. General Trend:
The general trend is bearish, but there are signs that the price is trying to consolidate in the current area. This could be an early sign of a trend reversal.
3. Upcoming Resistances:
If the price starts to rise, the first resistance will be at 0.00172119 (0.618 Fibonacci level), followed by 0.00198370 (0.5 level) and 0.00224620 (0.382 level).
🚨4. Downtrend Line:
The price needs to break the downtrend line clearly to confirm entering the upward phase.
5. Trading Volume:
Trading volume is currently low, which means that there is a need for increased volume to support a strong upward movement.
Conclusion:
If the current support level is maintained and the downtrend line is broken, the price is likely to start gradually rising.
In case the current support at 0.00134746 is broken, the decline may continue to lower levels such as 1.618 Fibonacci.
It is recommended to closely monitor the price action and follow any breakout or breakout of key levels to accurately determine the next direction.
🚨🚨Many are promoting that there will be a rise, do not enter before confirming the price direction ((Your analysis and research are more important))🚨🚨
