$NEIRO /USDT BEARISH BREAKDOWN BREWING — CAN THE SUPPORT HOLD OR WILL THE SELL-OFF DEEPEN?
$NEIRO /USDT is trading at $0.00039859, down 2.58% on the day, showing signs of weakness after rejecting resistance levels and slipping closer to the lower support range. The meme coin market is losing steam, and NEIRO seems vulnerable to further downside if critical support fails to hold.
Key Technical Levels:
Current Price: $0.00039859
Resistance Levels: $0.00041300 and major at $0.00042500
Support Levels: Immediate at $0.00038600, extended support at $0.00037000
Price is stuck in a descending pattern, forming lower highs and weak recoveries, indicating bearish pressure. A break below $0.00038600 may trigger further sell-off momentum.
Trade Setup (Short Entry):
Entry: $0.00039600 – $0.00040000
Target 1 (TP1): $0.00038600
Target 2 (TP2): $0.00037000
Stop Loss (SL): $0.00041400
Market Outlook: The trend is bearish in the short term unless the price breaks above $0.00041500 with strong volume. Consolidation around current levels shows indecision, but the downside risk outweighs bullish potential.
Risk Management: Use strict position sizing (1–2% of portfolio per trade), keep SL in place, and avoid over-leveraging — the meme coin space is volatile and fast-moving.
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