🔻
$BIO — SHORT SETUP
Entry Zone: 0.036686 – 0.036918
Stop Loss: 0.037917
Take Profit Targets:
🎯 TP1: 0.035966
🎯 TP2: 0.035408
🎯 TP3: 0.034572
📊 Why This Setup?
• Weak momentum: 15m RSI sits at 39.25 — showing weakness, but still room to drop before oversold conditions kick in.
• No strong trend: The 1D structure is ranging, not bullish — limiting upside continuation.
• Volatility confirms move: ATR (~0.000923) suggests price can realistically tap TP1 before any meaningful bounce.
• Key resistance: The 0.0368 zone has already been rejected twice — signaling sellers are active here.
🤔 The Real Question:
Are you fading the crowd at resistance…
or waiting for a confirmed reclaim above 0.0379 before switching bias?
Trade smart. Manage risk. Don’t chase the herd.
Click below to enter the trade 👇
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