$BIO /USDT BEARISH DIVERGENCE DEEPENS — LIKELY TO RETEST SUPPORT LEVELS!
$BIO has fallen sharply to $0.0810, marking an 11% intraday loss. The hourly chart reveals a clear rejection from the $0.0910 resistance, followed by a steady downward trend. With lower highs and weakening bullish volume, the momentum favors sellers as price tests the lower boundary near $0.0788.
Trade Setup (Short):
Entry: $0.0810 – $0.0830
Take Profit (TP): $0.0760 / $0.0700
Stop Loss (SL): $0.0860
Market Outlook:
The trend is bearish with increased selling pressure and no signs of reversal. Unless bulls reclaim $0.0880 with volume, a deeper correction is expected.
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