$NEIRO – Continued downward collapse! Short trade signal
Rejection from the MA(99) area
New lows forming with strong downward pressure
Failed to reclaim resistance at 0.000369 and is now recording new lows at 0.00035705.
The price remains below all major moving averages, with the 7 and 25 period moving averages trending downwards, indicating strong downward momentum.
Short entry: 0.0003585
Targets:
1: 0.0003480
2: 0.0003360
Stop loss: 0.0003700
Momentum still with sellers.
Breaking below 0.0003570 could lead to further acceleration downwards.
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