#NEIRO Analysis

### **NEIRO/USDT Trading Analysis**

#### **Current Price:**

**$0.00020607** (+7.09% in the last period)

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### **Key Observations:**

1. **Price Trend & Levels:**

- **Resistance Levels:**

- **$0.00020608** (immediate resistance)

- **$0.00021612** (next key resistance)

- **Support Levels:**

- **$0.00019101** (near-term support)

- **$0.00017685** (stronger support)

- **$0.00016268** (critical support if downtrend continues)

2. **RSI(6): 68.5982**

- Approaching **overbought** territory (above 70), suggesting a potential pullback or consolidation soon.

3. **Stochastic RSI (STOCHRSI): 66.0054**

- Also near the upper threshold, reinforcing the possibility of a short-term correction.

4. **Moving Average of STOCHRSI (MASTOCHRSI): 55.2999**

- Still in a bullish zone but losing momentum compared to STOCHRSI.

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### **Trading Strategy:**

#### **Bullish Scenario (If Momentum Continues):**

- **Entry:** Near support at **$0.00019101** (if retesting).

- **Take-Profit Targets:**

- **$0.00020608** (breakout confirmation)

- **$0.00021612** (next resistance)

- **Stop-Loss:** Below **$0.00017685** (to protect against reversal).

#### **Bearish Scenario (If Overbought Rejection Occurs):**

- **Short Entry:** If RSI crosses below 70 and price rejects **$0.00020608**.

- **Take-Profit Targets:**

- **$0.00019101** (initial support)

- **$0.00017685** (stronger downside target).

- **Stop-Loss:** Above **$0.00021612** (if breakout invalidates the bearish view).

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### **Conclusion:**

- **Caution Advised:** The asset is nearing overbought levels, increasing the risk of a pullback.

- **Wait for Confirmation:** A break above **$0.00021612** could signal further upside, while a drop below **$0.00019101** may indicate a short-term downtrend.