$NEIRO USDT Under Selling Pressure – Bears in Control
NEIROUSDT has triggered a clear sell execution at 0.00007200, confirming growing bearish momentum on the chart. Price action shows weakness after failing to hold above key short-term support, signaling that sellers currently dominate the market.
Technical Analysis
NEIROUSDT is trading below its key moving averages, which indicates a continuation of the downward trend. The RSI remains below the neutral 50 level, reflecting weak buying strength and limited bullish recovery. Meanwhile, MACD stays in bearish territory, suggesting that downside momentum is still active.
Key Levels to Watch
Support: 0.00007000 – a critical zone where buyers may attempt a short-term defense
Next Support: 0.00006650 if current support fails
Resistance: 0.00007580 – previous breakdown level
Major Resistance: 0.00008000 – trend reversal zone
Market Sentiment
The overall sentiment is Bearish. Buyers look hesitant, volume is favoring sellers, and no strong reversal signal is visible yet.
Strategy Outlook
At current levels, the market favors patience. Aggressive longs are risky unless price reclaims resistance with volume.
Recommendation: WAIT for confirmation. Conservative traders should wait for a clear reversal or strong support reaction before considering new positions.
Do you think NEIROUSDT will hold the 0.00007000 support, or is another leg down coming?
Not Financial Advice (NFA). Always manage risk and do your own research.
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