The recent uptrend in NEIRO has officially failed. The price made a lower high around $0.0004050 and has since broken down with strong momentum. Trying to buy here is like catching a falling knife.

A professional trader respects the new trend. We will now look for opportunities to join the sellers or wait for a powerful sign that the trend is reversing again.

📊 The Analysis: The Bears Are Now in Control

The battlefield has changed. The bulls have lost their ground.

  • 🔹 Broken Structure: The series of higher highs and higher lows is broken. We are now in a confirmed downtrend.

  • 🔹 New Resistance: The area around $0.0003850 - $0.0003950 is now the key resistance zone. This is where sellers are likely to step in on any bounce.

  • 🔹 The Market Emotion: Fear is taking over as the price falls, and buyers are staying on the sidelines. $NEIRO

📈 The Game Plan: Follow the New Trend

The path of least resistance is now down. We will plan our trades based on this new bearish reality.

1. The Bearish Continuation Plan (Primary) 🐻

  • ✅ Entry Signal: The best entry is to short a bounce into resistance. Look for the price to rally to the $0.0003800 area and show signs of rejection (like a red candle on the 2h chart).

  • 🎯 TP1: $0.0003600 (Retest of the current low)

  • 🎯 TP2: $0.0003400 (The next major support level)

  • 🛑 SL: Place it above the resistance zone, around $0.0003960.

$NEIRO

2. The Bullish Reversal Plan (Low Probability) 🐂

  • ✅ Invalidation Signal: For this downtrend to be over, the price must do more than just bounce. It needs to show massive strength by breaking decisively ABOVE the last lower high at $0.0004050. Until that happens, any move up is just a relief rally in a downtrend. $NEIRO

🔥 The Bottom Line: The trend is your friend until it ends. Right now, the trend is down. Don't fight the market's momentum. Wait for a low-risk entry to join the trend or a very strong signal to trade against it.

👇 Will this downtrend continue, or is a massive reversal coming? Cast your vote! 👇

❤️ Like if you learned how to trade a trend change, and follow for more pro strategies!



#NEIRO #NeiroOnEthereum #NeiroCoin