NEIRO seems to be bearish for a while (12H)

3 Jan

NEIRO appears to have completed a diametric pattern, which represents wave A. This diametric lasted for 83 days.

It now seems to have entered wave B, which is also likely to last 83 days or more.

There is a flip zone marked on the chart, which serves as a suitable area for sell/short positions.

The primary support level has been highlighted on the chart, and the price could drop to this support level.

A daily candle closing above the invalidation level will invalidate this outlook.
invalidation level: 0.00185145

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

21 Jan

Trade aktif

Although it did not reach the low-risk FLIP zone for sell/short, our perspective on NEIRO was correct, and it has dropped by over 56% so far.

It could react in the green zone and make upward retracements.