The currency $NEIRO is currently trading around 0.00038106 with a slight increase of +1.18%, but if we look closely at the price movement over the past hours, we notice clear consolidation after a strong drop and a bottom at 0.00035294.
Is this really a consolidation? Or is the current calm preceding a strong upward or downward movement? Let's analyze the picture together 👇
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⚖️ Is buying now a smart decision?
✅ Opportunity if:
Your trading target is within the range between 0.00036256 and 0.00038745.
I set a stop loss below 0.00035294.
Profit target near the next resistance at 0.00039990 or even 0.00041235 if the current resistance is broken.
$NEIRO
❌ Risk if:
You expected a rapid rise without confirmations on volume or momentum indicators.
You did not set a clear exit plan or stop loss.
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📊 Technical indicators supporting the analysis:
RSI (6) around 47.88: in the neutral zone, there are no clear overbought signals.
MACD slightly positive: a sign of the beginning of light momentum but needs confirmation.
Stochastic K% = 67.9, D% = 65: a signal that may support the rise if it exceeds the 80 level.
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📢 The final word:
The currency $NEIRO seems to be catching its breath after a good bounce from the bottom. If consolidation continues at this level with stable trading volume, we may see an upward movement towards 0.00039990 and beyond.
Watch the volume, and be prepared for a strong movement at any moment.
What do you think? Are we really facing a strong consolidation? Or is there a drop hiding behind this consolidation? Share your analysis in the comments 👇
