$BIO Still consolidating, but I'm cautious long for a short-term bounce
The price is stuck in a tight range, mostly sideways action after that sharp drop to around 0.028. Volume has been drying up during this consolidation—typical sign of indecision, but those occasional spikes on down moves scream bearish pressure to me.
*Volume & Flow Check $BIO :
Spot and contract data show net outflows in most timeframes (like -990k USDT in the last 1H contracts). Feels like sellers are still in control. That said, there were some inflows on 4H/6H (+67k and +344k), which could mean a few smart money folks are bottom-fishing quietly.
*My Take $BIO : Short-term, I'm cautiously bullish for a bounce—maybe a relief rally if we hold support.
- Entry: Around 0.0398 (key support) or if we break above 0.04514 with solid volume.
- Stop-loss: 0.0386 (
- Target: 0.04814 next resistance#BinanceAlphaAlert