Looking at NEIRO's technical chart, there is indeed a bit of a top formation feeling right now.
Multiple cycles are sounding alarms—15-minute RSI is only at 65 but has already started to lose momentum, 1-hour RSI is soaring to 75, creating a loose structure at a new high, and the 4-hour RSI is even more severe, reaching 78, indicating a seriously overbought stage. The most concerning part is the volume; currently, the trading volume has shrunk significantly, making a breakout unlikely. This high-level low-volume situation often leads to a reversal.
**How to view the position?** The current price level is basically oscillating. Above is the previous high, and a breakout requires a 5% increase to truly break through. The support below isn't very solid; a drop of 3-7% is a critical defensive zone.
**How to operate more safely?** Honestly, the smartest choice now is to sit on the sidelines and watch. Don't chase the high; chasing now can easily lead to losses. If NEIRO drops 3% below the current price, you can cautiously try shorting, targeting the 7% support zone, with a stop-loss set at the previous high—this way, the risk is manageable. Conversely, if volume picks up and breaks above the previous high, there's no need to rush in; wait for a pullback confirmation before considering entering.
In summary: mainly observe, avoid long positions. Be patient and wait for trigger conditions; once entering, strictly set stop-losses and avoid holding onto losing positions.
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AllTalkLongTrader
· 20h ago
Yes, this analysis is spot on. Indeed, now is not the time to chase the highs.
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BearMarketMonk
· 01-02 14:53
The shrinking of the market has never been a good sign. History will repeat itself; we are just waiting for that moment.
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MetaverseHermit
· 01-02 14:53
Another high-level low-volume situation. Can NEIRO hold steady this time?
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SerNgmi
· 01-02 14:52
Are you still chasing the RSI at 78? That's just asking for trouble. I've seen plenty of these dead-end traps with high levels and low volume.
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LiquidatedNotStirred
· 01-02 14:51
Damn, it's this situation again. High levels with low volume are the most annoying, crashing at the slightest touch.
Wait for a 3% drop before considering. Right now, everyone chasing is just a bagholder.
RSI78? That needs a rebound, or it might just crash directly.
I'll just sit back and watch the show. Anyway, those who make money are never in a hurry.
If the volume dies, how can it break through? That's just a trap.
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AirdropHunter9000
· 01-02 14:47
High-volume reduction at a high level is indeed dangerous; RSI has already reached 78. Those chasing the highs in this wave are probably going to get hit.
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GateUser-afe07a92
· 01-02 14:40
The shrinking volume is indeed dangerous; high positions without volume are like a time bomb.
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SellLowExpert
· 01-02 14:31
Oh man, this move is really risky. The RSI is already at 78, and you're still trying to chase? I think a lot of people are going to get burned.
Looking at NEIRO's technical chart, there is indeed a bit of a top formation feeling right now.
Multiple cycles are sounding alarms—15-minute RSI is only at 65 but has already started to lose momentum, 1-hour RSI is soaring to 75, creating a loose structure at a new high, and the 4-hour RSI is even more severe, reaching 78, indicating a seriously overbought stage. The most concerning part is the volume; currently, the trading volume has shrunk significantly, making a breakout unlikely. This high-level low-volume situation often leads to a reversal.
**How to view the position?** The current price level is basically oscillating. Above is the previous high, and a breakout requires a 5% increase to truly break through. The support below isn't very solid; a drop of 3-7% is a critical defensive zone.
**How to operate more safely?** Honestly, the smartest choice now is to sit on the sidelines and watch. Don't chase the high; chasing now can easily lead to losses. If NEIRO drops 3% below the current price, you can cautiously try shorting, targeting the 7% support zone, with a stop-loss set at the previous high—this way, the risk is manageable. Conversely, if volume picks up and breaks above the previous high, there's no need to rush in; wait for a pullback confirmation before considering entering.
In summary: mainly observe, avoid long positions. Be patient and wait for trigger conditions; once entering, strictly set stop-losses and avoid holding onto losing positions.