$NEIRO TECHNICAL ANALYSIS
& CHANCES FOR THOSE WHO MISSED šØ
#SECStaking #NEIRO NeroUSDT Technical Analysis ā 1H Chart (Binance)
Market Overview:
The chart presents a bullish market structure with price action trending upwards inside a rising channel. The recent pullback suggests a potential retracement to a key support level before resuming its uptrend.
Key Technical Points:
1. Resistance Zone & Breakout Potential:
The price has been moving within a rising channel (red trendlines).
A strong resistance level is marked near 0.00043210 - 0.00044755, where price previously rejected.
If the price breaks and holds above this zone, we could see further upside momentum.
2. Order Block as a Buy Zone (Great Opportunity for Late Entries):
The blue area (0.00034500 - 0.00036000) represents an Order Block (OB).
If the price retraces to this level, it could act as a strong support for a reversal.
Traders who missed earlier entries could look for long positions here for a favorable risk-reward setup.
3. Key Level to Watch:
The green trendline marks a bullish support level.
If this level holds, price action should continue upwards towards the resistance zone and beyond.
A successful hold above this green line can accelerate the price to 0.0005+ levels in the coming days.
4. Breakout Scenarios:
Bullish Case (Green Arrow Pathway): If price holds above the green trendline and breaks resistance, it could target 0.0005+ levels.
Bearish Case (Red Arrow Pathway): If price loses the green level, a pullback to the order block is likely before another upward move.
If no major political or exchange-related incidents occur, NeroUSDT should continue its uptrend in the upcoming days.
Ideal Entry: Those who missed the breakout can enter near the order block for the next upward move.
Disclaimer:
This analysis is for informational and educational purposes only and should not be considered as financial or investment advice. Cryptocurrency markets are highly volatile, and prices can be influenced by unforeseen political, economic, and exchange-related events.