Hello everyone, I am Big G. Today NEIRO is performing a cliff bungee jump, with the price repeatedly testing around $0.00058, while the market holds its breath waiting for a directional choice. Combining the latest on-chain data with technical signals, here are three sentences to clarify the current situation:
BOLL channel is in crisis, and the risk of breaking out is soaring.
The 4-hour K-line shows that NEIRO is precariously positioned on the BOLL lower band at $0.00058416 (mid-band $0.00064961, upper band $0.00047231, this data seems to be anomalous and needs verification). If it effectively breaks below the lower band, it will directly target the psychological barrier of retail investors at $0.0005, or even return to the low point of $0.000295 from the end of last year. The current price is oscillating in the range of $0.00055-$0.00071 with reduced volume, showing obvious signs of weakness in the bulls' counterattack.
MACD hides mysteries, and bullish momentum is exhausted.
In the MACD indicator, the DIF line (0.04978) and the DEA line (0.04026) have not yet crossed, but the histogram (0.04937) continues to narrow, indicating a decline in rebound momentum. Referring to the historical decline of 15% after a similar pattern on May 10, if the histogram turns from green to red, it is highly likely to trigger a new round of selling pressure.
On-chain chip distribution reveals the truth
Currently, a large number of trapped positions have accumulated in the range of $0.0006-$0.0007, accounting for over 35%, while the support around $0.0005 is weak. If the main force chooses to dump, it could easily trigger a panic sell-off. Beware of whale movements — a major holder had previously bought low and sold high at this position earlier this year, making over $200,000 in a single day.
Operation Strategy
Short-term: Stop loss immediately if it breaks below $0.00055, consider reducing positions in batches if it rebounds above $0.00065.
Medium-term: Re-enter if it stabilizes above $0.00075 (BOLL upper band), otherwise continue to watch.
Iron law: Meme coins are a chip game, it’s better to miss the tail-end rally than to be the last buyer.
Tonight, closely watch whether BTC can hold the $100,000 mark. If NEIRO correlatively breaks below $0.0005 with increased volume, it may trigger a death spiral!
Recently, I plan to sneak in a potential coin that is ready to explode; it's quite easy to double your investment, and an expected space of over 10 times is not a problem. If you want to keep up, click on my profile and follow my introduction for free sharing!
