š„ $NEIRO /USDT ā Downtrend Slows, But Bulls Still Absent ā ļø
NEIRO has been in a consistent downtrend, slipping from highs near 0.00053859 and bottoming out around 0.00038031. Despite a mild bounce, the price remains under the key moving averages, signaling weak buyer confidence and potential continuation of bearish momentum.
š Technical Analysis
⢠Bearish Structure: Price is trading below all key MAs ā MA(7) = 0.00039889, MA(25) = 0.00043506, MA(99) = 0.00044205.
⢠Support Zone: 0.00038000 ā 0.00038600 holding as temporary floor.
⢠Resistance Zone: Immediate resistance at 0.00040722 and then 0.00043500.
⢠Trend Status: Weak consolidation with no strong bullish signals; downtrend remains dominant unless key levels flip.
šÆ Trading Plan
š“ Short-Term Bearish Setup
⢠Entry: 0.00039800 ā 0.00040500
⢠TP1: 0.00038700
⢠TP2: 0.00038000
⢠SL: 0.00041200
š¢ Potential Reversal Setup (Aggressive)
⢠Entry: 0.00039000 ā 0.00039500
⢠TP1: 0.00040700
⢠TP2: 0.00042500
⢠SL: 0.00037800
š Note: Volume is light and trend remains weak. Reclaiming MA(25) and MA(99) is essential for any bullish case to build up. Until then, trade cautiously with tight risk control.
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