$NEIRO /USDT BEARISH PRESSURE – SUPPORT ZONE BEING TESTED AFTER SHARP SELL-OFF!
$NEIRO is currently trading around $0.00043224, down over 7% today, as it faces strong bearish momentum following a rejection from the $0.00050080 resistance. Price is now hovering just above key short-term support at $0.00042722. With declining volume and lower highs on the 15m–1h chart, downside continuation is possible if bulls don’t step in soon.
Trade Setup (SHORT):
Entry Price: $0.00043700 – $0.00044700
Target 1: $0.00042000
Target 2: $0.00040500
Stop Loss: $0.00045500
Why Short?
The rejection from recent highs and consistent downward pressure with lower highs indicate that sellers are dominating. If $0.00042700 breaks, a quick dip into lower support zones is likely. Volume remains weak on bullish candles, further confirming bearish exhaustion.
Risk Management Tip:
Don’t overleverage on meme tokens — use tight SLs and smaller positions. Let breakdown confirmation guide your entry.
Sell smart — don’t chase green candles when the trend is turning red!