$BIO USDT — Rejection at Highs (Short Setup)
$BIO printed a sharp +25% move but is now showing clear exhaustion near the 0.046 resistance zone. The inability to hold above highs followed by a pullback signals seller presence stepping in after the pump.
Price is currently hovering around 0.040, which is a key short-term support. If this level weakens or fails to reclaim higher zones, we can expect a continuation dump toward lower liquidity areas. The structure now favors a fade of the rally (short bias) rather than continuation.
This looks like a distribution phase after a pump, making it ideal for a short on slight retrace or breakdown.
Entries:
Entry 1: 0.0403
Entry 2: 0.0412
Stop Loss:
0.0432
Take Profits:
TP1: 0.0382
TP2: 0.0359
TP3: 0.0332
If price fails to reclaim 0.042+, bearish pressure is likely to increase quickly.
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