NEIRO: Textbook Distribution or Just Getting Started?
That vertical spike to 0.0000898 had all the fingerprints of a whale exit, not organic demand — parabolic moves on thin order books rarely hold. Volume is fading fast while price grinds lower, which is classic exhaustion structure, not accumulation.
Key level to watch: if it loses recent support, the retracement could run deep given how thin the book is below. Bulls need reclaim + volume to prove this wasn't just distribution.
Structure says caution here. #NEIRO #Crypto #Altcoins
DYOR
That vertical spike to 0.0000898 had all the fingerprints of a whale exit, not organic demand — parabolic moves on thin order books rarely hold. Volume is fading fast while price grinds lower, which is classic exhaustion structure, not accumulation.
Key level to watch: if it loses recent support, the retracement could run deep given how thin the book is below. Bulls need reclaim + volume to prove this wasn't just distribution.
Structure says caution here. #NEIRO #Crypto #Altcoins
DYOR