Potential Buy Opportunity: NEIRO/USDT (4H)Current Price: 0.002054
Target: Reach the resistance
Analysis of the 4-hour chart indicates a promising setup for a potential buy opportunity in NEIRO/USDT. The asset is exhibiting a higher low formation, with a rejection at the white line crucial for confirming the continuation of the uptrend.
However, if the 4-hour candles break downward, the continuation may not occur. Conversely, if the 4-hour candle closes above the line, alongside a daily close above it, a trend continuation is likely.
Due to the asset's relatively new status, predicting clear exit points or targets remains challenging. The primary method for identifying potential targets involves examining resistance levels established by previous candles and historical price patterns.
Key Insights:
Bullish Structure: A rejection at the white line will validate the higher high, higher low sequence.
Price Target: Anticipated movement toward the resistance level.
Monitoring this setup closely could yield favorable entry conditions.
YM Tunku Luqman
Ketsparrow Group
"Less is More"
