$NEIRO / TETHERUS - DOWNTREND SCENARIO 🐻⬇️

Immediate Resistance: The top edge of the current downward price channel, around $0.00053000, is acting as nearby resistance. Additional resistance is observed near recent highs within the channel, close to $0.00055000.

Immediate Support: The bottom edge of the channel, currently around $0.00050000, serves as nearby support. A stronger support area lies between $0.00042000 and $0.00040000.

Trade Idea (Downward Bias):

Considering the token’s position within a descending channel and recent movement away from upper levels, a sell-biased setup may be more favorable.

Entry: Potential entry near the current price of $0.00051338, or after a minor rebound toward the channel midline followed by rejection.

Price Objectives:

Target 1: $0.00045000 — aligns with a projected move based on the pattern

Target 2: $0.00042000 — near the lower support zone

Risk Limit: A reasonable exit point for risk control would be above the recent local peak or beyond the upper boundary of the channel, near $0.00054000.

Risk Guidance:

Always follow clear risk management rules. Consider using only a small fraction (e.g., 1–2%) of your capital per trade. Continue observing price action for trend confirmation, and adjust your position accordingly if conditions evolve. 🛡️📉

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