$NEIRO Uji Resistance Key! Will It Continue or Correct? 🚀📉
NEIRO has just shown an impulsive spike of +14%, breaking through the Moving Average (MA) resistance on the 4-hour timeframe! 🔥
However, be cautious! Currently, the price is held just below MA200 (0.0001206), which is the last defense against bearishness.
Key Points:
Bullish Case: If the 4-hour candle closes above 0.0001200, the next target is at 0.0001248.
Bearish Case: RSI (14) has already touched the Overbought area (72.2). A potential healthy correction towards support 0.0001080 - 0.0001100 is very likely to occur before continuing to rise.
My Strategy:
Entry: Waiting in the correction area of 0.0001100 (Patience is key! 🧘♂️).
Take Profit: Area 0.0001200 - 0.0001235.
Stop Loss: Below 0.0001020.
What do you think? Can NEIRO break through MA200 today or will it turn back? Comment below! 👇
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