NEIROUSDT: Critical Support Zone – Rebound or Breakdown Ahead?

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🔍 Price Structure & Pattern Formation

On the daily chart, NEIROUSDT is currently testing a major demand zone (highlighted in yellow) between 0.0004337 – 0.0003500 USDT. This area previously acted as a strong accumulation zone back in May and is now being retested as key support.

Price has entered a consolidation range after a short-term rally from April to May 2025.

Strong Support: 0.0004337 – 0.0003500

Nearest Resistance Levels: 0.0005109, 0.0006198

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📈 Bullish Scenario

If the price holds above the demand zone and forms a valid bullish reversal pattern (e.g., bullish engulfing, pin bar), then a bullish move could follow.

Upside Targets (Resistance Levels):

1. 0.0005109

2. 0.0006198

3. 0.0009048

4. 0.0017091 (extended target)

5. 0.0020403

6. 0.0027043 (mid/long-term target)


Bullish Confirmation:

Daily close above 0.0006198

Increasing volume on bounce

Bullish candlestick formation in demand zone

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📉 Bearish Scenario

If the price breaks below 0.0004337 and closes the day under it, it would indicate further downside potential.

Downside Targets (Support Levels):

1. 0.0003500 (bottom of demand zone)

2. 0.0002700

3. 0.0001600

4. 0.0001390 (previous major low)


Bearish Confirmation:

Strong daily close below 0.0004337

Retest of the zone fails as resistance

Bearish volume spikes

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📐 Price Patterns

Potential Double Bottom: A bounce from this zone may form a double bottom pattern, with the neckline near 0.0006198.

Sideways Range / Accumulation: Price action since June indicates potential accumulation if the support holds.

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🔑 Conclusion

NEIROUSDT is at a critical juncture — waiting for confirmation whether it will bounce from this strong demand zone or break down to continue the bearish trend. Key resistance and support levels are well-defined, providing clear strategies for breakout or rebound traders.

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📌 Trading Suggestions

Aggressive Longs: Look for bullish signals inside the demand zone (0.00043 – 0.00035)

Conservative Longs: Wait for a breakout above 0.0006198 for trend reversal confirmation

Shorts: Enter if there's a confirmed breakdown below 0.0004337

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Penafian

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