$BIO price is trading below the critical MA(99) resistance and has recently faced rejection from higher levels, indicating persistent selling pressure. Despite a minor intraday gain, the broader trend remains strongly bearish with significant declines over the past 90 days (-71.80%). Current volume is lower than its moving averages, suggesting a lack of strong buying interest for a sustained recovery.
Entry Zone:
0.0450 - 0.0455
Take Profit Levels:
TP1: 0.0441 (24h Low)
TP2: 0.0435
TP3: 0.0428
Stop Loss:
0.0460
Risk Management:
Use a small position size due to the asset's high volatility and strong downtrend. Consider placing a tight stop loss and be prepared to exit quickly if the trend shows signs of reversal.
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trade here $BIO
BIOUSDT
Perp
0.04207
-0.56%
