NEIRO/USDT (4H) – Double Bottom Breakout Setup

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 🔍📈.