$NEIRO / USDT Short Trade Alert: Bearish Rejection at Local High ā Breakdown Incoming? šØš
$NEIRO / USDT is showing signs of exhaustion after facing strong rejection near 0.0000579, with a sharp pullback and formation of a lower high. The price is now consolidating near 0.0000532, hovering just above key support.
With volume decreasing and momentum fading, a break below 0.0000520 could trigger a deeper correction toward the next support near 0.0000485.
āļø Trade Setup
Entry: 0.0000530
Take Profit: 0.0000485
Stop Loss: 0.0000560
The bearish bias is supported by multiple failed attempts to reclaim the highs and growing selling pressure. A breakdown beneath 0.0000520 would likely confirm a shift in control to sellers.
š Manage risk carefully ā a move above 0.0000560 would invalidate this setup.
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