💥5 strong technical reasons why $NEIRO looks ready for a bounce! 🔥🚀
NEIRO is showing several encouraging signs that
suggest a bounce back is becoming increasingly
likely. First, the price structure itself is bullish.
The chart clearly forms an inverse head and
shoulders pattern, which is one of the most
reliable reversal patterns in technical analysis.
After a prolonged decline, this structure signals
that selling pressure is weakening while buyers
are gradually taking control. The right shoulder
forming at current levels indicates that the market
is preparing for a potential upside reversal
rather than another breakdown.
Another important factor is how price is behaving
around support. NEIRO continues to hold and
respect the demand zone around the
0.0000120–0.0000123 area. Each time price
dips into this zone, buyers step in and defend it,
showing clear accumulation. This kind of price
action usually suggests that smart money is
positioning early, limiting downside risk as
long as this support remains intact.
The neckline area around
0.0000150–0.0000155 is also playing a c
ritical role. Price is compressing just below
this resistance, which often happens before
a breakout. If $NEIRO manages a clean break
and close above this level, it could trigger a
strong momentum move as trapped sellers
exit and breakout traders step in.
The measured move from this structure
aligns well with higher upside targets,
reinforcing the bullish case.
Momentum indicators are also starting to
support the idea of a rebound. The MACD
histogram shows bearish momentum fading,
while the MACD and signal lines are
beginning to curl upward. This shift often
appears early, before price makes a
decisive move, and suggests that selling
pressure is losing strength while bullish
momentum is quietly building.
Trade $NEIRO :
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