### 1. **Current Technical Overview**
- **Price Trend**: Check the trend on the daily and 4-hour charts to confirm the momentum. Recent price action around moving averages (MA) or exponential moving averages (EMA) can help in identifying the trend.
- **Key Levels**: Identify resistance and support on both daily and 4-hour charts.
- **Indicators**: Use RSI for overbought/oversold conditions, MACD for crossovers, and volume to confirm the strength of any move.
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### 2. **Long Setup**
- **Entry**: Enter a long position if NEIRO/USDT breaks above a significant resistance level with volume confirmation (e.g., 4-hour close above this level).
- **Stop Loss (SL)**: Place the SL below the recent support or at a point that invalidates the setup.
- **Take Profit (TP)**:
- **TP1**: Set at the next major resistance.
- **TP2**: Scale out at a higher resistance or use a trailing stop if the trend continues.
- **Trade Duration**: Hold as long as the price remains above key moving averages on the 4-hour or daily chart.
#### Plan if Signals Go Against You
- **Plan A**: Exit if RSI becomes overbought near TP1 or if the price closes below a strong support level.
- **Plan B**: Adjust SL to breakeven if the trade moves halfway to TP1, reducing risk exposure.
- **Plan C**: Monitor the daily trendline. If broken, consider closing the position to avoid a reversal.
- **Plan D**: Scale down position size if volume divergence shows weakening momentum before reaching TP1.
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### 3. **Short Setup**
- **Entry**: Consider shorting if NEIRO/USDT breaks below a key support level with strong volume.
- **Stop Loss (SL)**: Set SL slightly above the last resistance or the high of the previous consolidation range.
- **Take Profit (TP)**:
- **TP1**: Target the next support level.
- **TP2**: Move the SL lower to secure profits if the trend continues downward.
- **Trade Duration**: Hold as long as NEIRO/USDT stays below resistance on a 4-hour or daily basis.
#### Plan if Signals Go Against You
- **Plan A**: Close the trade if the price reclaims the broken support level, signaling a potential reversal.
- **Plan B**: Tighten SL to reduce risk if momentum weakens or if the price tests and holds above a moving average.
- **Plan C**: If a bullish divergence appears on MACD or RSI near TP1, consider reducing the position or closing early.
- **Plan D**: Scale down the position if there’s high buying volume near the next support level, indicating potential buying interest. ##BinanceSquareFamily $NEIRO
