🔻NEIRO Bearish Trend Continuation, Demand Zone Under Pressure
Market Structure:
NEIRO is still in a clear downtrend, printing lower highs and lower lows on the 4H timeframe. Price has broken multiple supports and is now consolidating near the demand zone, signaling weakness. Sellers remain in control, while bulls are only defending locally — no strong reversal structure yet.
Key Levels:
Resistance: 0.0000765 – 0.0000800
Immediate Support: 0.0000700 – 0.0000680
Major Support: 0.0000620
Invalidation: Above 0.0000810
A clean breakdown below 0.0000700 could trigger another leg down toward 0.0000620. For any bullish shift, price must reclaim 0.0000800+ with strength.
Volume Analysis:
Recent selling moves came with higher volume, confirming strong distribution. Current sideways action shows declining volume, suggesting temporary pause — but without strong buy volume, downside risk remains high.
Final Thoughts:
NEIRO is trending socially, but technically still under pressure. A strong base near 0.0000700 is critical. Failure to hold this zone may invite further downside, while a breakout above 0.0000800 can trigger a momentum shift 📉➡️📈
#NEIRO #NEIROUSDT