Rejection from resistance with lower high formation and increased selling pressure signaling short term downside continuation

$BIO SHORT

Trade Plan

Entry

0.01710 – 0.01740

Stop Loss

0.01780

Take Profit

TP1 0.01680

TP2 0.01640

TP3 0.01600

Why this setup

Chart shows price rejected near 0.01779 high after strong pump, forming a clear lower high with red candles. Momentum shifting to sellers as volume shows distribution on the top and price struggling below recent highs.

Buy and Trade $BIO

BIO
BIOUSDT
0.0177
-0.61%