๐Ÿš€$NEIRO /USDT Analysis โ€“ Is the Correction Nearing Bottom๐Ÿ”ฅ๐Ÿค”๐Ÿ”๐Ÿ‘‡

๐Ÿ”ธ Current Price: 0.00046998 USDT

๐Ÿ”ธ 24H Drop: -11.43%

๐Ÿ”ธ Time Frame: 1H & 4H

๐Ÿ”ธ Trend Structure: Short-term Downtrend

๐Ÿ”ธ Indicators:

RSI: 34.9 (Approaching oversold zone)

MACD: Bearish momentum easing

MA/EMA Cross (50/20): Bearish alignment with downward slope

๐Ÿ“Š Observation:๐Ÿง‘โ€๐Ÿซ

$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.

๐Ÿ” Short-Term Strategy Plan: If price closes above 0.00047200 on lower timeframes: โœ… Buy Entry Zone: 0.00046900 - 0.00046500

๐ŸŽฏ Target 1: 0.00048200

๐ŸŽฏ Target 2: 0.00050300

๐Ÿ“‰ Stop-loss: Below 0.00045300 (recent demand base)

โš ๏ธ Bearish Continuation Trigger: If the $NEIRO price breaks below 0.00045000 with strong volume, the trend may continue downward toward 0.00043500 area.

๐Ÿ’ฌ Market Sentiment: Neutral to cautious bullish on bounce attempts. However, strong recovery needs confirmation above 0.00050300.

๐Ÿง  โ€œDowntrends donโ€™t break you unless you forget the plan you entered with.โ€

Stay strategic. Emotions kill trades. ๐Ÿ“‰

๐Ÿ”ป This is not financial advice. Please DYOR before trading or investing.

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