💡 Quick Technical Analysis:
✅ Testing Key Zone! NEIRO has been in a corrective downtrend after a strong rally and is now testing a crucial support area around the $0.0004160 - $0.0004200 level.
📊 Price Action: Currently at $0.00041704, the price is at a decision point. A strong hold and bounce from this level could signal that the correction is over.
📈 ZigZag Indicator: The ZigZag clearly shows a pattern of lower highs and lower lows. We are now watching for this pattern to break, with the first sign being the formation of a higher low.
🔁 Momentum: While momentum has been bearish during this correction, a reversal from this support level could bring a rapid shift as buyers step back in.
Trade $NEIRO
🎯 Suggested Entry Zone:
✅ This is a zone to watch, not to enter blindly. Look for a confirmed bounce and price stabilization above $0.0004250 before considering an entry.
📈 A clear break and hold above the last minor swing high at $0.0004550 would serve as a strong confirmation of a bullish reversal.
🛡️ Stop-Loss: If entering after a confirmed bounce, a stop-loss could be placed below the ultimate low formed, e.g., $0.0004100.
🎯 Target 1: $0.0004600
🎯 Target 2: $0.0004850
🧠 Conclusion:
NEIRO is at a pivotal support level after a significant pullback. While the short-term trend is down, this is a prime location to watch for signs of a reversal. Patience is key; a confirmed bounce would offer a high-probability trade setup.
👇 Are you watching $NEIRO for a reversal? Let me know your thoughts! 👇
❤️ Like & share if you think a bounce is coming!