Attention traders! šØ The token
$NEIRO /USDT is making waves, with some interesting movement in the last few hours. Watch out for manipulation! š”
After hitting a low of $0.00038745, it seems that NEIRO is attempting a pullback, currently trading at $0.00045520, up 3.87%! The 7-period moving average (MA7) is at $0.00045219, just below the current price, which could indicate potential support if it holds.
However, the 25-period moving average (MA25) at $0.00042566 shows us that the short-term trend is still unclear. To confirm a bullish rally, NEIRO needs to break and consolidate above its 24-hour high at $0.00046492. That is the key level!
The trading volume (158.57B NEIRO and 67.39M USDT) is considerable, giving validity to the movements, but letās not get complacent; manipulation is always lurking. The candlestick patterns are showing indecision, with some long wicks, suggesting there is strength on both the buying and selling sides.
For those considering HODL, be careful! In the last 90 days, NEIRO has fallen by -95.70%. This reminds us that patience and good risk management are crucial.
If NEIRO manages to break and hold the level of $0.00046492, we could see new impulses. But if it retraces and fails to find support at the MA7, the decline could continue. The market doesnāt give anything away!
Trade wisely and stay alert for traps! š§ š
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