$BIO is approaching a key reaction zone where bullish momentum appears to be weakening and signs of exhaustion are beginning to surface.
Trading Plan: Short $BIO
Entry: 0.0320 – 0.0336
Stop Loss: 0.0357
Take Profit Targets:
• 0.0297
• 0.0272
• 0.0247
The recent upward move is starting to look overextended, with price struggling to maintain strong continuation as it pushes deeper into a supply-heavy area. Instead of clean breakout strength, the structure hints at buyer fatigue, with increasing signs of absorption and early seller response.
If this resistance zone holds, it could act as a ceiling for price, triggering a downside rotation. A rejection here may open the door for a broader corrective move, especially if momentum continues to fade and lower highs begin forming on lower timeframes.
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