NEIRO just poked above a key resistance that’s held firm for over a week - the bulls are testing the gates. Will they smash it open?
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🔍 Chart Breakdown
📉 Previous Trend:
NEIRO has been ranging between $0.00005000 and $0.00006450 on the 4H timeframe, with repeated failures at the upper boundary. It formed a choppy consolidation with lower highs and strong support around $0.00005300.
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📊 Current Price:
$0.0006450 at the time of writing.
🔴 Resistance Zone (Major):
$0.00006440–$0.00006460 - this zone rejected price multiple times. Today’s candle just wicked above it.
🟢 Support Levels:
$0.00006000 - minor pullback zone
$0.00005300 - strong demand and previous bounce area
$0.00004500 - major swing low support
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📈 Volume:
Volume is ticking higher with this breakout attempt - confirmation is brewing, but still needs a strong close above resistance.
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📌 Market Structure
NEIRO is forming higher lows, suggesting bullish accumulation. Today’s breakout attempt could be the start of a range breakout or even a cup-and-handle play.
Buyers are stepping in heavier - structure is leaning bullish unless this move gets rejected hard.
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🚀 What’s Next?
✅ Break above $0.00006460 = move toward $0.00008000
✅ Break and hold above $0.00008000 = opens up room to $0.00010000
⚠️ Rejection here = likely pullback to $0.00006000–$0.00005800
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🎯 Trade Plan (DYOR)
Primary Setup:
Entry: Close above $0.00006460 on strong volume
TP1: $0.00007000
TP2: $0.00007800
SL: Below $0.00005800 (back inside the range = invalidation)
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Alternative Setup:
Dip Buy: Near $0.00006000 if rejected from resistance
SL: Below $0.00005700 — invalid if momentum fades
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⚠️ Disclaimer:
This post is for informational and educational purposes only. It is not financial advice. Always do your own research and use proper risk management.
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