$NEIRO

NEIRO setup is shaping up to be a classic short opportunity in a weakening trend. Let’s break it down:

Trade Setup Summary:

Entry Zone: 0.0005050 – 0.0005063 (right below broken support turning resistance)

Stop-Loss: Above 0.0005300 (smart placement above the last lower high)

Take Profits:

TP1: 0.0004720 (near prior bounce zone)

TP2: 0.0004400 (stronger historical support)

Technical Notes:

The drop from 0.00071086 to 0.00050345 confirms bearish momentum.

Lower highs + rejection candles on the 4H chart reinforce selling pressure.

If price fails to reclaim 0.0005150, the bearish trend likely continues.

Risk Consideration:

A sudden bounce above 0.0005300 could signal a trend shift or squeeze.

Watch volume — if selling dries up, bears may lose steam before TP2 is hit.

buy and trade here $NEIRO .