Neirousdt Trading idea

Mar 6

NEIROUSDT experienced a breakdown from a rising wedge, initiating a strong bearish trend that has persisted with sustained selling pressure.

Currently, price action has formed a bearish flag, signaling a potential continuation of the downtrend. Key levels of interest have been identified, with crucial support and resistance zones outlined on the chart. A breakdown below the support level would confirm further downside, providing a high-probability short opportunity targeting the projected drop zone.

Conversely, a breakout above the resistance would invalidate the bearish bias, opening the door for a potential bullish reversal. We should closely monitor price behavior around these levels to align with the dominant trend.

Do let me know what you think about this????

Apr 13

Trade closed: target reached

Neiro hit bear target as provided.

May 1

Note

Just as projected the price make a good bounce off the bear target where we anticipated for strong re-accumulation, the immediate plan now is to keep align our long position for the price to test out crucial resistance zone as shown on the chart.