š„ $NEIRO /USDT ā Breakout Loading from Downtrend Channel! šš
Current Price: 0.00041995 (+0.42%)
$NEIRO is coiling up just below the descending channel resistance after a long consolidation phase. Bulls are testing the upper boundary, and a breakout confirmation could ignite a strong upside rally toward key resistance levels.
š Trade Setup:
⢠Entry Zone: 0.00041950 ā 0.0004200 (on breakout confirmation)
⢠šÆ TP1: 0.00042800
⢠šÆ TP2: 0.00043300
⢠š SL: 0.00041400 (below recent structure)
ā” Technical View:
NEIRO is forming higher lows beneath the trendline resistance. Volume is building, signaling potential breakout energy. A confirmed close above 0.00042100 could flip structure bullish.
š” Risk Note:
Watch for fakeouts ā if price rejects sharply, cut early near SL. Manage size carefully as volatility may spike post-breakout.
š Strategy Breakdown:
The plan is to enter on breakout confirmation above the channel. With momentum backing the move and structure aligning, the setup favors a quick breakout-retest-continue scenario. Targets are placed around recent reaction zones.
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