📉 NEIROETH/USDT – Breakdown or Bounce? [1H Analysis]

Trend: Bearish

Last Price: 0.07867

RSI: 23 (Oversold)

Support Tested: 0.07777

24H Drop: -10.21%

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NEIROETH just dropped hard into an oversold zone on the 1H chart — RSI hit 23, and price hugged the lower Bollinger Band aggressively.

After tagging 0.07777 (local support), we’re seeing signs of buyer hesitation, but no bullish confirmation yet. Momentum is clearly fading — now it’s a waiting game.

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🧠 What I’m Watching:

✅ A rejection wick and RSI divergence → possible scalp LONG to 0.082–0.085

❌ A breakdown below 0.077 → continuation SHORT toward 0.072 or even 0.068

📉 Mid-BB is acting like a ceiling around 0.08581 — don’t ignore it on bounce setups.

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🔐 My Strategy:

• Let the next 1H candle confirm the direction.

• No entry without confirmation — RSI alone isn’t enough to fade a trend.

• If I shorted earlier, I’d lock partials and trail stops tightly.

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🧪 Patience here pays more than guessing. Either we bounce…

or we bleed lower. Stay sharp. 🎯

#NEIROETH #CryptoTrading #BinanceFutures #RSI #BollingerBands #1HChart #BearishSetup