$NEIRO #Everyone #follower#Binanceus #Binance #NEIROM
Here is the technical analysis of NEIROUSDT based on the chart provided in the 15-minute time frame:
### Technical Analysis:
1. **Price Action:**
- Current price: 0.0011589
- The price recently saw a rise to 0.0013800 but then pulled back sharply, and is currently testing lower levels around 0.0011248.
2. **Moving Averages (MA):**
- **MA(7):** 0.0011643 (The price is currently slightly below the 7-period average, indicating short-term weakness).
- **MA(25):** 0.0012330 (price is below the 25-period average, indicating a medium-term downtrend).
- **MA(99):** 0.0011778 (price is also below the 99-period average, confirming the downtrend).
3. **MACD Indicator:**
- **DIF:** -0.0000238
- **DEA:** -0.0000109
- **MACD:** -0.0000129 (this is a bearish signal, and the histogram bars indicate increasing bearish momentum).
4. **Relative Strength Index (RSI):**
- **RSI(6):** 33.19 (approaching the oversold zone, which may indicate a possible bounce, but the trend is still weak).
5. **Trading Volume:**
- There is a decrease in trading volume after the recent rally, indicating a loss of momentum.
### Strategy:
#### Buy trade (in case of bounce):
- **Entry Point:** around 0.0011248 (consider this a potential support level where the price may bounce back).
- **Stop Loss (SL):** 0.0011000 (just below the current bottom to protect yourself from further decline).
**Take Profit (TP):**
- First target: 0.0012330 (MA25 level).
- Second target: 0.0012800 (recent resistance).
#### Sell trade (bearish momentum):
- **Entry point:** 0.0011650 (near MA7, where price may fail to break higher).
- **Stop Loss (SL):** 0.0012000 (above resistance).
**Take Profit (TP):**
- First target: 0.0011000 (psychological support level and potential reversal area).
- Second target: 0.0010500 (additional support in case of strong downtrend).
### Deal Duration:
- This trade is short-term, and will likely last for a few hours to a day, depending on how quickly the price reaches the target areas.
### Overview:
The overall trend looks bearish, but with the RSI approaching the oversold zone, a bounce could occur before the downtrend resumes. If you are targeting the price to reach 0.0011000, a short trade looks preferable, but watch the volume and RSI for reversal indicators.