📈 🟢NEIRO/USDT Analysis buy signal 📈
The current price of NEIRO is at 0.00025466, showing an increase of +1.37%. The price has been fluctuating between the 24-hour high of 0.00026614 and the low of 0.00022976, indicating some volatility in the market.
Key Levels:
- Support: The 24-hour low at 0.00022976 and the Bollinger Band lower line (DN) at 0.00022334 are strong support levels.
- Resistance: The upper Bollinger Band (UP) at 0.00000874 is a key resistance level to watch.
Indicators:
- RSI(4): At 49.24541787, the RSI is in neutral territory, suggesting neither overbought nor oversold conditions.
- MACD: The MACD is slightly positive at 0.00000149, indicating weak bullish momentum.
Potential Scenario:
Given the current price action and indicators, NEIRO might find support near the 0.00022334 level. If the price holds above this level, there could be a potential upward movement towards the 0.00000874 resistance.
Strategy Consideration:
- Entry: Consider entering near the current price of 0.00025466 if the price shows signs of stabilizing or reversing.
- Stop Loss: Place a stop loss below 0.00022334 to protect against further downside.
- Take Profit:
- 🎯 Target 1: 0.00026614 (24h High)
- 🎯 Target 2: 0.00000874 (Bollinger Upper Band)
- 🎯 Target 3: 0.00026404 (Bollinger Mid-Band)
Risk: Medium
Time Frame: 1h - 4h
DYOR and NFA.
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