$NEIRO 🧠 "When Patience Meets Pressure: The NEIRO Setup Traders Shouldn't Ignore"
Once upon a quiet day in the crypto markets, NEIRO started showing signs of fatigue…
After testing highs near 0.00050080, a sharp rejection came crashing in — dragging it toward a local support zone around 0.00045254.
But here’s where things get interesting...
🔍 On the 4H Chart, $NEIRO is hovering just above its recent demand zone — precisely balancing at the intersection of the 200 EMA (orange line) and price support. This zone has been respected multiple times, making it a key area of interest for short-term traders.
📉 On the 1H Chart, the picture darkens:
MACD shows fresh bearish momentum as histogram bars deepen below the baseline.
RSI has dropped to 36.61, inching closer to the oversold region — but not yet rebounding.
This hints at growing selling pressure, yet it opens a window for "oversold reversal traders" to keep it on their radar.
📊 Trading Strategy Idea – Bearish with Rebound Watch:
▶️ If price closes below 0.00044700 (support zone):📡📈
Possible drop toward 0.00043000
Use tight stop-loss above 0.00046370
🔁 If RSI rebounds from 35+ region and MACD flips near zero:📈
Look for a bounce setup back toward 0.00046800
Entry: Only after bullish engulfing candle confirmation
💬 Final Word:
$NEIRO is in a decision zone. It’s being tested by market gravity, but it's not broken. Smart traders aren't rushing — they’re stalking.
Let the chart speak. Trade what you see — not what you feel.
⚠️ Not financial advice. Always DYOR before entering trades.
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