Ascending explosion for NEIRO/USDT after slight recovery
📌 Analysis + Trade $NEIRO #NEIRO
!NEIRO/USDT – Analysis on the hourly frame (1H) ⏱️
Current price: $0.00042221 (+1.45%)
Technical analysis in brief:
The price bounced from a support area near $0.00039743 and crossed the 7-period Exponential Moving Average (EMA7) at $0.00041614 and the EMA25 at $0.00041572, approaching the EMA99 at $0.00042201.
The increase in the volume of the recent green candles reflects increasing buying momentum.
The Relative Strength Index (RSI6) at ~64.8, still relatively far from overbought, suggests the possibility of additional upward movement.
Trade settings:
✅ NEIRO/USDT (Buy) LONG
🔰 Entry price on breakout: $0.0004300
🎯 Targets:
$0.0004450
$0.0004600
$0.0004800
$0.0005000
🛑 Stop Loss: $0.0004050
📌 Trader's advice:
Wait for the closure of the 1H candle above $0.0004300 with increased volume to confirm the breakout. After reaching the first target, move the stop loss to the entry price to protect capital.
✅ NEIRO/USDT (Sell) SHORT
🔰 Entry price on breakdown: $0.0004050
🎯 Targets:
$0.0003900
$0.0003750
$0.0003600
$0.0003450
🛑 Stop Loss: $0.0004300
📌 Trader's advice:
You can enter a sell when the 1H candle closes below $0.0004050 with confirmation of high selling volume. Place a stop above the broken resistance ($0.0004300) and gradually adjust the stop loss as each target is reached.
Trader's advice:
“Always remember to manage risk and do not trade with an amount you cannot afford to lose.”
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