$NEIRO Days of Long and Short Warning
In the morning session, the 5-minute K-line was controlled by the operator into an electrocardiogram pattern, with the price firmly gripping the BOLL middle track at 0.0005767, engaging in a tug-of-war.
The market conceals three major dangers:
First, the trading volume plummeted from 7.5 billion in the early morning to 1.6 billion, with signs of control more glaring than large on-chain transfers.
Second, the daily MACD golden cross occurred, but the red volume bars are flattening, with the early morning's increased bullish candle repeatedly loosening around the 0.00058 mark.
Third, a pressure zone between 0.00058555 and 0.000595 revealed a whale selling order worth 1,200 BTC, while on-chain alerts indicated that a certain exchange just received 8.5 million NEIRO in spot, and the bomb of market crashing is already in place.
The technical aspect shows a standard meat grinder structure: the BOLL upper track at 0.00058555 forms an iron defense line, while the EMA55 moving average at 0.000572 acts as the long-short killing line. The operator exploded a contract position of 23 million USDT in the early session to complete the cleaning, with current market liquidity as thin as a cicada's wing. Coupled with Bitcoin stubbornly holding at $64,000, suppressing the altcoin market, the on-chain large transfer volume of NEIRO surged by 300%. Three hours ago, a certain whale charged 8.5 million tokens to Binance, and such a magnitude of abnormal movement often indicates an impending change.
Negative news continues to ferment: NEIRO project wallet sold off another 270,000 tokens today, exposing a confidence crisis among holders with on-chain staking volume plummeting by 15%. CoinGlass monitoring shows that the perpetual contract funding rate fell sharply from 0.03% to 0.008%, with the speed of long positions retreating reaching a new high for the week. The current price of 0.0005767 sits precisely between the BOLL middle track and the EMA55 moving average, and this lackluster market suggests using a breakout order + grid oscillation combo to avoid unnecessary wear.
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