๐ Quick Analysis of NEIRO/USDT โ 1-Hour Time Frame (1H) ๐
๐ The currency has started to show positive signals after a strong rebound from the support at 0.0003836, forming an inverted head and shoulders pattern which suggests a continuation of the upward trend.
โ The current price is at 0.0004202, trading above MA(25) with an attempt to break through MA(99), which enhances the bullish momentum.
๐ฏ Potential Targets:
0.0004270 (Current Resistance)
0.0004445 (Strong Previous Peak)
0.0004500 (Extended Target)
๐ Suggested Stop Loss: 0.0003950
๐ Initial Recommendation: Long (Buy) position with confirmation of a firm break above 0.0004270.