$NEIRO SLAMMED THROUGH SUPPORT! DEAD CAT BOUNCE OR FREEFALL?
$NEIRO is now trading at 0.00054260, down -3.55%, after crashing through key support near 0.00055000. The chart is clearly in a strong downtrend, with each bounce getting sold off harder. This move puts NEIRO at risk of deeper losses unless a sharp reversal happens soon.
Key Price Levels:
• Immediate Resistance: 0.00055600 – 0.00056000
• Secondary Resistance: 0.00057000 – 0.00058000
• Critical Support: 0.00053800 (24h low)
Trade Setup – Reversal Play or Short Continuation:
Bullish Rebound Setup:
• Entry: Only above 0.00055600 with confirmation
• TP1: 0.00057000
• TP2: 0.00059000
• Stop-Loss: Below 0.00054000
Bearish Breakdown Setup:
• Entry: Below 0.00053800 on strong red volume
• TP1: 0.00052200
• TP2: 0.00051000
• Stop-Loss: Above 0.00055600
$NEIRO just got hammered through local support. Unless bulls reclaim lost ground quickly, the next leg down could be sharp. High volume suggests volatility will stay elevated—use tight stops.