#MatrixFamily $BIO is quietly building strength after a clean breakout from its consolidation range, and the recent pullback looks more like profit-taking than a trend reversal.
Entry Range: 0.0328 - 0.0335
Stop Loss: 0.0304
Targets:
TP1: 0.0360
TP2: 0.0395
TP3: 0.0440
$BIO spent several sessions accumulating near the 0.0300 area before buyers stepped in aggressively and pushed price higher. The breakout candle confirmed bullish intent, while the current retracement is allowing the market to cool down before a potential continuation move.
As long as price holds above the breakout zone, bulls remain in control. A successful defense of the 0.0330 region could attract fresh momentum and drive the next leg toward TP1 and TP2. If volume expands on the next breakout attempt, TP3 becomes a realistic objective.
The structure remains bullish with higher lows forming on the chart, showing that buyers are willing to step in on dips rather than chase higher prices.
Invalidation: A sustained move below 0.0304 would weaken the bullish structure and invalidate this setup.