$NEIRO Next target:

Based on the chart indicators, here’s a breakdown of potential next moves:

1. Wait for Confirmation of Reversal:

Since the Stochastic RSI and MACD suggest oversold conditions, there may be a potential for a rebound. However, the price needs to show signs of stabilization and move above the short-term EMA(7) to confirm a reversal.

Look for a strong green candle that breaks above recent resistance, ideally with increasing volume, which would confirm buying interest.

2. Support and Resistance Levels:

Support: The nearest support level is around 0.00209637, where you could consider buying if the price holds here and shows signs of a bounce.

Resistance: The recent high at 0.00236960 acts as resistance. If the price approaches this level with momentum, it may break through for further gains.

3. Indicators to Watch:

RSI: Currently near neutral. If RSI moves above 50, it may signal buying strength. However, a further drop could suggest continued bearish momentum.

Stochastic RSI and MACD: Look for a crossover or uptick, which could signal a potential upward movement.

Potential Strategy:

For a conservative approach: Wait for confirmation of a reversal above EMA(7) and EMA(25) with a positive change in RSI and MACD. Set a stop-loss slightly below the support level of 0.00209637 to manage risk.

For an aggressive approach: If you anticipate a bounce from the oversold levels, consider entering near the current price, aiming for a quick trade toward the resistance level at 0.00236960. Again, manage risk with a stop-loss in place.

Keep in mind that the overall market sentiment (especially Bitcoin and major altcoin movements) can also impact NEIRO’s price, so be mindful of broader trends.