$BIO 2ND TARGET COMPLETED ๐ต
STOPLOSS TO ENTRY PRICE ONCE TP3 HITS ๐
Post
--Bearish
Crypto Sat
ยท
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Bearish๐ฐ $BIO PARABOLIC REJECTION SETUP
๐ฝ SHORT
โณ๏ธ ENTRY: 0.0444 โ 0.0462
๐ฏ TARGETS: 0.0438 โ 0.04260 โ 0.04070 โ 0.03810 โ 0.03528 โ 0.030 - 0.0260
๐๏ธ LEVERAGE: 10x
๐ด STOPLOSS: 0.0480
$BIO is showing exhaustion after a vertical expansion move into heavy resistance near the previous rejection zone. RSI has entered overheated territory while price is stretching aggressively away from MA25, increasing probability of a cooling phase. MACD remains bullish but momentum candles are weakening, often an early sign of distribution after parabolic rallies. Structure is beginning to print rejection wicks around local highs, suggesting sellers are defending the upper range aggressively. Best execution is scaling into shorts through DCA entries during volatility spikes while maintaining strict invalidation above the SL zone.
๐ฝ SHORT
โณ๏ธ ENTRY: 0.0444 โ 0.0462
๐ฏ TARGETS: 0.0438 โ 0.04260 โ 0.04070 โ 0.03810 โ 0.03528 โ 0.030 - 0.0260
๐๏ธ LEVERAGE: 10x
๐ด STOPLOSS: 0.0480
$BIO is showing exhaustion after a vertical expansion move into heavy resistance near the previous rejection zone. RSI has entered overheated territory while price is stretching aggressively away from MA25, increasing probability of a cooling phase. MACD remains bullish but momentum candles are weakening, often an early sign of distribution after parabolic rallies. Structure is beginning to print rejection wicks around local highs, suggesting sellers are defending the upper range aggressively. Best execution is scaling into shorts through DCA entries during volatility spikes while maintaining strict invalidation above the SL zone.