NEIROETHUSDT trade ideas
updateToday, the price touched the ceiling of the channel for the third time with a relatively sharp movement, the movement started from the midline of the channel, there is a possibility of correction to the midline and even the bottom of the channel, a stable upward movement will be realized by exiting the channel
NIEROETHUSDT breakout or downfall?NIEROETH is on an uptrend with a considerable volume and I expect some actions in 830 level.
However, if the price is to break through the level with volume spike,
there's a good chance the uptrend will continue:
signaling a reversal of the 2-weeks downtrend.
This is pretty convincing due to the current flow of the crypto market.
Shorting $NEIROETH Now: Positioning Before the Next Move Up!Shorting some $NEIROETH here.
If it starts closing above 14 cents, the idea is probably wrong.
I'm looking for a retrace before further continuation.
$NEIROCTO also appears a bit overextended, but I believe it has more potential in the long run. I’ll do a fresh post on that one.
Neirousdt trading opportunity
NEIROUSDT has made a significant breakout from its downtrend and is now targeting a pullback towards the key trendline that initiated the breakout.
Our plan is to accumulate in the immediate buy-back zone and hold the position until reaching the final setup area, which is anticipated to be a strong sell-off zone.
Share your thoughts on this project in the comments.
$NEIROETH - long with initial target of $0.30. More upsideI remain bullish on $NEIRO in the short term, with strong upside potential over the coming weeks. The current price of $0.1314 presents an attractive entry point.
$NEIRO has been consolidating around the $0.12 level, holding steady after the recent pullback. This accumulation phase is a bullish sign, suggesting that buyers are stepping in, preparing for the next leg upward. The increase in trading volume supports the likelihood of an upward move.
A break above the $0.15 resistance level would signal a significant breakout, potentially leading $NEIRO to rally towards the next major resistance zone at $0.30. This psychological price level is my medium-term target.
NEIROUSDT - YehYehTrader - 10/10/2024For the NEIROUSDT pair, there isn't much data on the chart to provide a comprehensive assessment. However, the market is generally in an uptrend with higher highs and higher lows. Currently, it is in a corrective downtrend. I can only offer my opinion based on the data shown on the chart. In my view, I would wait for a reaction at the marked high-volume zones on the chart and look for buying opportunities. Good luck!
NEIROETH/USDT SHORTThe chart highlights the following key points: Current market structure: The price has reached a resistance zone (indicated as "Weak High") and entered the premium zone. This may indicate that a local peak is approaching and a correction is possible. There is a clear uptrend with several "BOS Long" signals (upward breakout of the structure) confirming the upward movement. The price has reached the previous local maximum and is experiencing some resistance at these levels. Indicators: MACD is showing signs of weakening the uptrend as the MACD lines are converging and a bearish crossover may occur. RSI (Relative Strength Index) is already above 61, indicating that the asset is potentially overbought and there is a possibility that the price will start correcting downwards in the near future. Zones of interest: Premium zone: Is above the 0.5 Fibonacci level, which suggests that traders may sell or take profits. Strong support level: Is located at around 0.055. This area could be a potential target for a pullback if a correction occurs. Forecast for the next 12 hours: At the moment, there are signs of a possible short-term downward price correction based on the weakening bullish momentum in the indicators and resistance at the Weak High level. The price is expected to move lower towards the nearest significant support level (in the 0.075-0.080 area) before continuing higher if the uptrend continues to hold.
$NEIROETH - The Next PEPE?The NEIRO narrative is popular, with many viewing it as the next PEPE.
NEIROETH at its current price has a market cap of 77.4 million.
Considering its manipulation potential, as this makes it the smallest market cap memecoin on Binance Perpetual, it can attract market manipulators, initiating a potential price surge.
Technical Outlook:
NEIROETH is showing signs of a bullish trend after consolidating from major support zone at 0.050s
Price is now at first level of resistance 0.080
If we can hold 0.072 to 0.070, expect a potential move to 0.090 to 0.10 (overhead supply)
Support Levels:
0.066 - (weekly VWAP)
0.062 - (singleprints)
NEIROETH LONG Scalp Trade IdeaTaking a trade for NEIROETH.
Looks like it has dropped into the 15-min key level zone and there's a chance of getting a bounce here.
This gives us a chance to have a very tight SL in place right below the key level zone. (Still a risky trade given that we have a big down candle into the zone).
Entry Price: 0.0882
SL: 0.0862
TP1: 0.0902
TP2: 0.0923
TP3: 0.0951
TP4: 0.0999
Good luck & Happy Trading!