For those who have already bought and profited, it is time to sell! Not to buy. $NEIRO shows clear signs of profit-taking (SHORT-TERM SALES)
Despite the strong performance, it already shows weakness in weekly volume. It will soon create a DOUBLE TOP, and when it does, it will be able to reverse.
CAUTION
RSI - OVERBOUGHT ON THE WEEKLY, as I showed in the chart. The Risk/Return Ratio is at 1.2, which is considered very low.
Where to Buy?
Base support at Zone 0.0004
Strong resistance at 0.0006
NEIRO presents reasonable technical fundamentals, with recent positive volume and trend. However, the MACD divergence on the weekly and forecasts indicating a drop warrant caution. Over a 30-day horizon, the coin may retreat to the range of $0.000366–$0.000400 before stabilizing. An entry close to this support, with a stop below, could be a safer strategy. If it breaks resistance at $0.000696 with volume confirmation, a resumption of the upward trend is likely.
Note: If it breaks TARGET 1 and the volume is higher and green, then it may contradict our observations and hit 0.0009 or even exceed it.