$NEIRO /USDT — 15m Chart Read
NEIRO just flushed into the 0.0001007–0.0001010 zone, where buyers finally defended support after a sharp momentum expansion lower. That area marks the short-term demand pocket — sellers pushed aggressively, but follow-through stalled after the sweep, hinting at near-term exhaustion.
Price is now consolidating around 0.0001012–0.0001018, chopping at the lows after a heavy sell impulse. This is compression after distribution, not strength yet. Volume expanded on the breakdown, signaling urgency from sellers rather than controlled selling, while bids are starting to absorb at the floor.
Structure remains bearish-biased on the 15m. Lower highs are intact, price is pinned below declining short-term averages, and the tape still favors sellers. Any upside reaction is likely corrective unless momentum shifts.
Overhead, 0.0001038–0.0001045 is the first resistance zone, followed by 0.0001055–0.0001060, where prior balance broke and sellers previously reasserted control.
Bias: bearish while below 0.0001045. Stabilization is visible, but trend control has not flipped.
Caution: a decisive loss of 0.0001007 would break the defended zone and likely trigger continuation lower, trapping late dip buyers. Until then, expect choppy price action as the market decides whether this is absorption or just a pause before the next leg.
#USGDPUpdate #WriteToEarnUpgrade #CPIWatch #BinanceAlphaAlert #WhaleWatch
