NEIRO/USDT (4H) โ Double Bottom Breakout Setup
Pattern: Double Bottom ๐
Timeframe: 4-Hour โฑ๏ธ
Pair: NEIRO/USDT ๐ฑ
Published: June 09, 2025 ๐
Technical Overview:
NEIRO/USDT is forming a clean double bottom pattern, which often signals a potential reversal after a sustained downtrend. The price has established a solid support zone around 0.00037500 to 0.00038500 and is now approaching the neckline resistance near 0.00043500. A descending trendline has also been broken, suggesting a shift in momentum from bearish to bullish ๐.
Potential Trade Setup:
Bullish Scenario โ
Entry: On a confirmed breakout and close above 0.00043500 to 0.00044000
Targets:
* First target at 0.00049000 ๐ฏ
* Second target at 0.00053000 ๐ฏ
Stop-loss: Below 0.00040500 ๐
Risk Management โ ๏ธ
If the price gets rejected at the neckline and falls back below 0.00038500, the pattern becomes less reliable. Watch for increased volume on breakout for confirmation ๐.
Conclusion:
This setup indicates early signs of a trend reversal. A successful breakout above the neckline could lead to upward continuation with strong momentum. Patience and confirmation are key before entering ๐๐.