Is NEIRO about to break through the sky? Traders urgently define the key battlefield at 0.0007, the secret to getting rich is here!
Summary
NEIRO is currently in a phase of technical and market sentiment struggle, with the price oscillating near the middle band of the Bollinger Bands. It surged 31% in 24 hours, but the trading volume did not increase simultaneously, creating a divergence between price and volume. It is recommended to go long after breaking above 0.00071185, with a target of 0.0009, stop-loss at 0.00045, and a risk-reward ratio of 1:2.3. Caution is advised regarding the risk of a pullback triggered by a sharp reduction in contract holdings and negative funding rates.
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Technical Analysis
1. Price Status:
• Bollinger Band Position: The current price is located at the middle band of the Bollinger Bands (50.98%), with upper and lower band distances of 0.00048917-0.00071185. Breaking above the upper band will open up upward space.
• MA200 Deviation: The price is 78.6% away from the 200-hour moving average, severely overbought but no pullback signal is showing.
• Holding Cost Deviation: The current price is 58.5% higher than the market average cost, accumulating profit-taking pressure risk.
2. Market Strength:
• Volume Anomaly: The 24-hour volume only reached 76.9% of the previous period, and the divergence between volume and price indicates insufficient upward momentum.
• Position Change: The 1-hour position decreased sharply by 4.6%, but the price only dropped by 1.79%, suggesting that the main force may be rotating at high positions.
• Long/Short Ratio Change: Smart money long/short ratio changed from 2.81 to 2.44, with short selling power continuously strengthening.
3. Key Positions:
• Support Level: 0.00048917 (Bollinger Lower Band) + 0.000337 (MA200 Psychological Level)
• Resistance Level: 0.00071185 (Bollinger Upper Band) + 0.0017 (Upper Edge of the Spot Trading Dense Area)
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Market Cycle Analysis
1. Current Cycle: Mid-term correction phase of a bull market, after a 37% increase in 24 hours, it has entered a chip rotation period, with a 26.2% increase in 7-day volume indicating that funds are still flowing in.
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Trading Strategy
1. Specific Points:
• Entry: 0.00071185 (break above the Bollinger Upper Band confirms the trend)
• Stop-Loss: 0.00045 (break below the previous low + MA200 dual support)
• Target: 0.0009 (historical trading dense area)
• Risk-Reward Ratio: 1:2.3 ((0.0009-0.00071185)/(0.00071185-0.00045)=2.3)
2. Risk Warning:
• Negative funding rates may trigger a short attack.
• Continuous decrease in position at the 1-hour level may trigger a flash crash.
• Strictly set stop-loss and control position within 5%.
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$NEIRO
