#BTCMove #NEIRO

$NEIRO Here’s the analysis for NEIROUSDT based on the provided 1-hour chart:

Current Market Observations

Price: 0.0008239

24H High: 0.0008373 (immediate resistance level).

Volume: Strong volume is supporting the recent upward movement.

Bullish Signals

1. Breakout Attempt:

The price is nearing the 24-hour high of 0.0008373, indicating potential for a breakout if bullish momentum continues.

2. Moving Averages:

MA(5) is above MA(10), indicating short-term bullish momentum.

3. Stochastic RSI:

Currently at 100, showing the price is overbought, but strong momentum could still sustain the uptrend for a while.

Bearish Risks

1. Overbought Conditions:

Stochastic RSI being at 100 indicates a potential correction or consolidation phase soon.

2. Resistance Zone:

0.0008373 is a strong resistance. If the price fails to break above, a pullback to 0.0008150–0.0008100 is possible.

Next Move Predictions

1. Bullish Case:

A successful breakout above 0.0008373 could lead the price to:

Target 1: 0.0008500 (psychological resistance).

Target 2: 0.0008650 if momentum remains strong.

2. Bearish Case:

If the price fails to break above 0.0008373, a pullback is likely:

Support 1: 0.0008150 (recent breakout level).

Support 2: 0.0008070 (stronger support zone).

Trading Plan

Entry:

If already in the trade, hold for a breakout attempt.

For new entries, wait for confirmation above 0.0008373 or a pullback to 0.0008150.

Stop-Loss:

Place at 0.0008100 to minimize losses in case of a breakdown.

Take-Profit Levels:

First Target: 0.0008373 (close 50% of position).

Second Target: 0.0008500.