$NEIRO Long Liquidation – Bearish Pressure Mounting!
A long liquidation of $11,601 just occurred at $0.00032, signaling increased selling pressure as leveraged longs get wiped out.
Key Levels to Watch:
🔹 Support: $0.00030 – If broken, further downside is likely.
🔹 Resistance: $0.00035 – Bulls must reclaim this level to regain momentum.
Market Insight:
The liquidation event suggests bearish dominance, with weak long positions getting flushed out.
If $0.00030 fails to hold, $NEIRO could drop toward $0.00028.
However, a strong bounce above $0.00033 might trigger a recovery toward resistance.
Trading Plan:
❌ Avoid aggressive longs unless support at $0.00030 holds.
✅ Short Entry: $0.00033 - $0.00034 (targeting lower levels).
✅ Cover Targets: $0.00031 → $0.00028 (gradual exits).
Stop-Loss: $0.00036 (to protect against reversals).
Next Move:
Monitor price action near support—if sellers continue dominating, a deeper drop is likely.
Watch for a reclaim of $0.00033 before considering bullish setups.
Stay alert for further market updates!
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