๐ NEIRO/USDT Technical Analysis: Sharp Drop in Play!
The NEIRO/USDT chart shows a -3.46% decline, with the price dropping to 0.00193800 USDT. A recent bearish breakout from consolidation suggests strong selling pressure, as seen in the large red candle. Both the MA(7) and MA(25) sit above the price, confirming short-term bearish momentum. However, the MA(99), currently at 0.00182198, could act as a key support zone.
๐ Support & Resistance:
Resistance: 0.00220000 (recent high)
Support: 0.00192169 and MA(99) at 0.00182198
๐ Entry Strategy: Conservative traders may look for a potential bounce at support around the MA(99) or wait for a bullish confirmation above 0.00203566. Aggressive traders could consider shorting below 0.00192169, targeting 0.00182198 as the next support.
Patience and timing are crucial! Keep an eye on volume and price action to confirm your entry.
#NeiroOnBinance #NeiroOnBinance
