📊 Technical Recommendation on NEIRO/USDC
⏰ Time Frame: 15 Minutes
🔍 Technical Analysis:
✅ A distinctive technical pattern (Cup with Handle) has been observed, which is one of the positive reversal patterns that often precedes a price increase.
📈 The downward trend has been successfully broken, supporting the continuation of the upward movement and confirming the completion of the pattern.
💰 The entry of smart money is evident through a significant increase in volume concurrent with the breakout, enhancing confidence in the current movement and indicating institutional or large entity interest in buying.
📌 Support and Resistance Areas:
Next Resistance: 0.00056000
Strong Support: 0.00050989 – 0.00049947
🎯 Potential Targets:
First Target: 0.00056000
Second Target: 0.00060000
🛑 Suggested Stop Loss: Break of support 0.00049400 with a confirmation candle.
