NEIRO/USDT (4H) – Double Bottom Breakout Setup
Pattern: Double Bottom 🔁
Timeframe: 4-Hour ⏱️
Pair: NEIRO/USDT 💱
Published: June 09, 2025 📅
Technical Overview:
NEIRO/USDT is forming a clean double bottom pattern, which often signals a potential reversal after a sustained downtrend. The price has established a solid support zone around 0.00037500 to 0.00038500 and is now approaching the neckline resistance near 0.00043500. A descending trendline has also been broken, suggesting a shift in momentum from bearish to bullish 📈.
Potential Trade Setup:
Bullish Scenario ✅
Entry: On a confirmed breakout and close above 0.00043500 to 0.00044000
Targets:
* First target at 0.00049000 🎯
* Second target at 0.00053000 🎯
Stop-loss: Below 0.00040500 🛑
Risk Management ⚠️
If the price gets rejected at the neckline and falls back below 0.00038500, the pattern becomes less reliable. Watch for increased volume on breakout for confirmation 📊.
Conclusion:
This setup indicates early signs of a trend reversal. A successful breakout above the neckline could lead to upward continuation with strong momentum. Patience and confirmation are key before entering 🔍📈.
Pattern: Double Bottom 🔁
Timeframe: 4-Hour ⏱️
Pair: NEIRO/USDT 💱
Published: June 09, 2025 📅
Technical Overview:
NEIRO/USDT is forming a clean double bottom pattern, which often signals a potential reversal after a sustained downtrend. The price has established a solid support zone around 0.00037500 to 0.00038500 and is now approaching the neckline resistance near 0.00043500. A descending trendline has also been broken, suggesting a shift in momentum from bearish to bullish 📈.
Potential Trade Setup:
Bullish Scenario ✅
Entry: On a confirmed breakout and close above 0.00043500 to 0.00044000
Targets:
* First target at 0.00049000 🎯
* Second target at 0.00053000 🎯
Stop-loss: Below 0.00040500 🛑
Risk Management ⚠️
If the price gets rejected at the neckline and falls back below 0.00038500, the pattern becomes less reliable. Watch for increased volume on breakout for confirmation 📊.
Conclusion:
This setup indicates early signs of a trend reversal. A successful breakout above the neckline could lead to upward continuation with strong momentum. Patience and confirmation are key before entering 🔍📈.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀 Join My Telegram Community for FREE trading signals, entry/exit points, and instant updates!
👉 t.me/cryptobyghazii
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.