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????
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????
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Telegram: t.me/+m0IACMn0ul03OTFk
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.