They're calling this a dead cat bounce, but BIO's 4h chart tells a different story.
$BIO /USDT - LONG
Trade Plan:
Entry: 0.020962 – 0.0211
SL: 0.020371
TP1: 0.021526
TP2: 0.021856
TP3: 0.022351
Why this setup?
Despite the daily bear trend, the 4h setup is armed LONG. RSI(15m) at 60 shows momentum building off support. Entry zone (0.020962 - 0.0211) offers a tight risk near the 0.020371 SL, targeting TP1 at 0.021526.
Debate:
Is this the start of a 4h reversal against the daily downtrend, or just a brief pitstop before more pain?
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{future}(BIOUSDT)