$NEIROETH institutional led funds are extremely strong, need to hedge at high levels
Recent price trend:
The price has been fluctuating violently recently and is now consolidating at a high level.
Contract funds data analysis:
Medium to long-term funds are extremely bullish, led by institutions, data shows that chips are highly concentrated in the hands of institutions (retail investors are in a state of outflow over the corresponding long cycle). There is some selling pressure in the short term.
Technical analysis (daily chart):
Support: 0.0424 USDT (key). Resistance: 0.077 USDT (recent high point).
Comprehensive analysis and risk hedging considerations:
Institutional funds being strongly bullish is the core, indicating medium to long-term potential. However, the current price is at a relatively high level, and hedging must be considered!
Key point: Setting stop-loss, controlling positions, and managing risks are crucial at this time. It is not recommended to blindly chase high prices at high levels.