๐$NEIRO /USDT Analysis โ Is the Correction Nearing Bottom๐ฅ๐ค๐๐
๐ธ Current Price: 0.00046998 USDT
๐ธ 24H Drop: -11.43%
๐ธ Time Frame: 1H & 4H
๐ธ Trend Structure: Short-term Downtrend
๐ธ Indicators:
RSI: 34.9 (Approaching oversold zone)
MACD: Bearish momentum easing
MA/EMA Cross (50/20): Bearish alignment with downward slope
๐ Observation:๐งโ๐ซ
$NEIRO Price rejected from the 0.000535 level, retracing heavily into a key support band (0.00046 - 0.00045).
Minor green candle formation with slight bullish wick suggests buyer defense around current zone.
RSI on 4H chart recovering from oversold, hinting at possible relief bounce.
Volume remains relatively high, showing active participation.
๐ Short-Term Strategy Plan: If price closes above 0.00047200 on lower timeframes: โ Buy Entry Zone: 0.00046900 - 0.00046500
๐ฏ Target 1: 0.00048200
๐ฏ Target 2: 0.00050300
๐ Stop-loss: Below 0.00045300 (recent demand base)
โ ๏ธ Bearish Continuation Trigger: If the $NEIRO price breaks below 0.00045000 with strong volume, the trend may continue downward toward 0.00043500 area.
๐ฌ Market Sentiment: Neutral to cautious bullish on bounce attempts. However, strong recovery needs confirmation above 0.00050300.
๐ง โDowntrends donโt break you unless you forget the plan you entered with.โ
Stay strategic. Emotions kill trades. ๐
๐ป This is not financial advice. Please DYOR before trading or investing.
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