can you elaborate more about V shape

🚨 $NEIRO /USDT – Oversold Panic or Opportunity of the Week? 💣📉

$NEIRO is crashing hard—down over -10% and testing critical support levels. But with an RSI near 30, could this be a reversal zone? Let’s break it down!

📊 Market Overview

📍 Current Price: $0.00053105 (▼ -10.19%)
📈 24h High: $0.00060080
❄️ 24h Low: $0.00052315
📊 Volume (NEIRO): 179.01B
💵 Volume (USDT): $100.73M
📉 Moving Averages:

MA(7): $0.00053343

MA(25): $0.00056033

MA(99): $0.00055635

📉 RSI(6): 29.76 (EXTREMELY oversold – potential bounce ahead)

📈 NEIRO Trade Setup – Key Levels to Watch

🔹 Bullish Scenario (If NEIRO Holds Above $0.00052000):

Entry: Above $0.00054000

Targets: $0.00056000, $0.00060000, $0.00063997

Stop-Loss: $0.00050900

🔹 Bearish Scenario (If NEIRO Breaks Below $0.00050900):

Entry: Below $0.00050900

Targets: $0.00048120, $0.00045000

Stop-Loss: $0.00054000

🔍 Should You Hold or Sell?

✅ RSI under 30 = historically strong bounce zone
✅ MA(7) and current price are converging—watch for breakout attempts
⚠️ Failing $0.00050900 could accelerate sell-off toward $0.00048 or lower

💡 Pro Tip:

📉 High volume dump ≠ end of the game—watch for a V-shape bounce
🧠 Set tight stops if buying the dip—volatility is brutal

📢 Are you buying this crash or staying out? Let’s talk strategy in the comments!

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$NEIRO


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