NEIRO is ticking all the boxes for a short right now, with the recent sweep of the 0.00009033 level and the price action struggling to close above it - a clear sign of weak bullish momentum.
On the higher time frame, the trend is undoubtedly bearish, with the RSI hovering around 28, indicating oversold conditions but also a lack of strength from the bulls. The volume is relatively low at 0.2x, which suggests a potential lack of conviction from both sides. However, the SMC score of 5.1/10 leans towards the bears, reinforcing my short bias.
The Order Block (OB) and Fair Value Gap (FVG) sandwich zone is where I'm focusing my attention, as it represents a key area of interest for smart money. Here are the trade levels:
- Entry: 0.00009033
- Take Profit 1: 0.00008653 (RR 5.3x)
- Take Profit 2: 0.00008082 (RR 13.2x)
- Stop Loss: 0.00009105
Given the bearish higher time frame and the price action at the OB zone, I'm confident in this short setup for $NEIROUSDT.
Followers, keep a close eye on this one and remember to manage your risk.
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