NEIRO is currently trading at $0.00054777 after a significant drop from its recent peak near $0.0006200. While the broader trend has shown a series of higher highs and higher lows, the price has just experienced a steep rejection, signaling strong selling pressure.
The ZigZag indicator on the chart confirms the previous uptrend structure, but the most recent large red candle suggests momentum has shifted bearish in the short term. The price is now consolidating above a recent low, a critical point for the next move.
📈 Key Levels:
Resistance: $0.0006200 (Recent Peak)
Support: $0.0005335
🎯 Buy Zone: $0.0005400 – $0.0005500
🛡 Stop Loss: Below $0.0005300
🎯 Target 1: $0.0005800
🎯 Target 2: $0.0006200
🔥 My Take: NEIRO has faced a harsh rejection from the highs and is now at a crucial support level. The immediate trend is bearish, but if buyers can hold the price above the $0.0005335 support, a recovery toward the upper resistance levels is possible. A break below this support would likely lead to further downside. Manage risk carefully with a tight stop-loss.
