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$NEIRO is moving way faster than I expected, but is this just a massive pump and dump?
We’ve seen a 17% jump today, and the price is currently sitting at 0.00007394. After that long period of bleeding out toward 0.000052, this bounce looks sharp, but we’re hitting a very obvious resistance zone near 0.000075.
Look at the daily candle. It’s a solid green bar, but the order book shows 60% sell pressure right now. Usually, that means the early buyers are already starting to take profits. If we can't flip this 74 level into support, we could easily see a fast retracement back to 0.000062.
Volume is up to 6.5M USDT, which is decent for a meme coin at this stage, but be careful. Trading these is like catching a falling knife sometimes.
I'm waiting for a clean break above 0.000080 before I'd consider this a real trend reversal. Until then, it’s just a bounce in a downtrend for me. Stay safe out there.
#WCTCTradingChallengeShare8MUSDT