📉 First: General trend and current situation
* Current price: `0.0004072 – 0.0004080 USDT`.
* Decline percentage over 24 hours: about -3%
* There is clear selling pressure and a continuation of the decline from resistance areas around `0.0004358 – 0.0004440`.
* Technical indicators (RSI, MACD, Stochastic) are in **Oversold** areas, indicating a close possibility of a bullish rebound (but no confirmation has appeared yet).
* **EMA(7) and EMA(25)** crossed negatively (negative signal).
* Moving averages MA(5) and MA(10) indicate a continuous decline.
🧠 Technical patterns and analysis of peaks and troughs:
* We notice the formation of a **double top** at levels `0.0004358` then `0.0004440`, which are strong resistance levels.
* The price dropped from it and formed a **weak ascending bottom** at `0.0003880` then a timid rebound.
* **No clear reversal pattern yet** (like Head and Shoulders or Wedge), but we are close to a **Support Zone**.
🧱 Support and Resistance Zones:
🔽 Support (Important for the trade):
1. **0.0003880** (Clear bottom and potential entry level for the long trade).
2. **0.0003813 – 0.0003839** (Historical demand zone based on the long tails of the candles).
🔼 Resistance:
1. **0.0004156** (First resistance from EMA25).
2. **0.0004270 – 0.0004358** (Very strong and the price has rejected it multiple times).
📊 Technical Indicators:
RSI (6):
* Value: `27 – 28`
* This indicates **Oversold** → Close rebound opportunity.
Stochastic (K%D):
* K = 14 / D = 23
* Also in **strong oversold** but no positive crossover has happened yet.
MACD:
* The lines are close to zero but the decline is still ongoing (currently a slight negative signal).
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📦 Trading Volume:
* Currently low trading volumes compared to previous periods, indicating **weak bearish momentum** and supporting the possibility of a close rebound.
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✅ Recommendation: **Long (Buy)** trade with precise entry plan
📈 Trade Details:
| Element | Value |
| ---------------------------- | ----------------------- |
| **Trade Type** | Long (Buy) |
| **Suggested Entry Point** | `0.0003880 – 0.0003920` |
| **First Target** | `0.0004150` |
| **Second Target** | `0.0004270` |
| **Stop Loss** | `0.0003800` |
| **Risk to Reward Ratio** | Approximately 1:2.5 |
💡 Reasons for the trade:
* Approaching strong support.
* Clear selling pressure in RSI and Stochastic.
* Decrease in bearish momentum with a rebound possibility.
* Price behavior supports a temporary stop in the decline.
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📛 Alternative: Short (Sell) trade - in case of breaking support
If **0.0003800** is broken with a strong candle and high trading volume:
| Element | Value |
| --------------- | ----------- |
| **Entry Point** | `0.0003780` |
| **Target** | `0.0003650` |
| **Stop Loss** | `0.0003880` |
🟢 Important Signals:
* Monitor for a breakout or a rebound from the **0.0003880** zone precisely.
* Buying confirmation occurs at a reversal candle (Hammer / Engulfing) + positive crossover in Stochastic.
* Do not enter before confirming the candle, especially if there hasn't been a precise analysis of **NEIRO/USDT** on the hourly timeframe regarding momentum (RSI or MACD).
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