$NEIRO /USDT Analysis – Tight Supply Zone Rejection Incoming🔐👇
Current Price: 0.0001810 USDT🦋
Timeframes: 1D & 1H⌛
1D Chart Overview📊
$NEIRO has formed a classic lower high structure and is trading below the 200 EMA, indicating ongoing bearish pressure. A clear CHoCH (Change of Character) confirms a previous bullish attempt has failed. Price is consolidating just below the last major support-turned-resistance near 0.0002218 USDT, now acting as a supply zone. Momentum (via stochastic RSI) is rising from oversold levels, showing signs of a temporary bullish relief.
1H Chart Insight📊
The 1H chart reveals that price has entered a low-volume node zone and is testing a critical resistance block between 0.0001811 – 0.0001821 USDT. Multiple rejections have occurred here before. While short-term momentum is bullish, the EMA cluster above suggests limited upside unless volume spikes.
Trade Strategy – Short Biased📉
Entry (Short): 0.0001815 – 0.0001821✅
Stop Loss: Above supply block at 0.0001850☣️
Target 1: 0.0001790🎯
Target 2: 0.0001730🎯
Target 3: 0.0001650 (swing low)🎯
Trade Duration: 1–3 Days⌛
Risk Level: Medium
Confirmation: Look for a bearish engulfing or rejection wick on lower timeframe (15m–1h) before entry.
Takeaway:
$NEIRO is trading inside a supply zone with weak bullish volume. A strong rejection here could trigger a new leg down unless bulls break and close above 0.0001850.
👨❤️👨 "In trading, the strongest position is not being right—it's managing risk when you're wrong."
Disclaimer:⚠️
This is not financial advice. DYOR before any trades.
