$NEIRO #follower #Everyone #Binanceus #NeiroOnBinance
### NEIRO/USDT 1-Hour Chart Analysis:
#### **1. Trend Analysis:**
- **Current Trend:** Strong upward trend.
- The price surged from around 0.00076200 to 0.00117200 within a short period, confirming a sharp bullish rally.
- The **MA (7)** is trending sharply above the **MA (25)** and **MA (99)**, indicating a strong momentum upward.
#### **2. Support and Resistance Levels:**
- **Resistance Level:** The price hit a high of **0.00117200**, which is the first immediate resistance.
- **Support Level:** The previous breakout level of **0.00089183** now acts as a key support level. Another lower support is at **0.00076200**, which was a consolidation zone.
#### **3. Japanese Candlestick Analysis:**
- The current candlestick shows a long upper wick, indicating possible exhaustion of the bullish momentum as selling pressure is building.
- This could be signaling a potential **short-term pullback** after the significant spike.
#### **4. Indicators and Oscillators:**
- **MACD:** Strong bullish crossover, with the MACD line significantly above the signal line, reinforcing the upward trend. However, this could also signal an overbought condition.
- **Volume Analysis:** Trading volume has massively increased in the last few hours, supporting the price surge. However, the recent volume spike indicates possible FOMO (Fear of Missing Out), which may soon lead to a reversal if volume tapers off.
#### **5. Wave Analysis:**
- The price movement suggests a **wave 3** in Elliott Wave Theory, with potential corrections (wave 4) expected soon before the next push (wave 5).
---
### **Trading Recommendations:**
#### **Short-Term Trading:**
- **Entry:** Consider entering a long position if the price retraces to the **0.00089183** support level.
- **Stop-Loss:** Place the stop-loss at **0.00085000** to protect against a deeper correction.
- **Take-Profit:** First take-profit target at **0.00117200** (current resistance), and a more aggressive target around **0.00125000** if the uptrend continues.
- **Plan B (Failure Scenario):** If the price breaks below **0.00085000**, exit the trade and wait for a new entry around the next support at **0.00076200**.
#### **Long-Term Trading:**
- **Entry:** Buy on pullbacks near **0.00089183** or **0.00076200**.
- **Stop-Loss:** Set a long-term stop-loss at **0.00074000**.
- **Take-Profit:** A long-term target could be **0.00150000**, based on the strength of the current uptrend.
- **Plan C (Failure Scenario):** If the price continues downward, reassess positions at the lower support of **0.00076200** for a better entry opportunity.
#### **Contingency Plan D:**
- If the market reverses significantly (falling below **0.00074000**), consider shorting with a target of **0.00071000**, anticipating further downside.
---
### 📈 **Trading Recommendation**:
- **Entry:** Long at **0.00089183**
- **Stop-Loss:** **0.00085000**
- **Take-Profit:** **0.00125000**
- **Leverage:** 5x
- Expect a potential pullback for a better entry; watch closely for volume shifts.
💰💰 💰💰
