The path of NEIRO remains bearish (1D)First of all, it's important to understand that each group of cryptocurrency tokens follows a different path NEIRO falls into the meme coin category. The performance of Layer 1 coins or other groups may differ significantly from meme coins, so keep in mind that NEIROโs path is not the same as that of all altcoins!
Based on the point where we placed the red arrow on the chart, it seems that NEIRO's correction has started.
This corrective phase appears to be a time-consuming and exhausting symmetrical correction.
Currently, we seem to be in the middle of wave E.
The drawn path is more schematic, just to help you visualize the number and size of the waves within this corrective pattern.
The correction is expected to continue toward the lower green box, where this corrective phase is likely to end.
For risk management, please don't forget stop loss and capital management
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