Yo $BIO
{future}(BIOUSDT)
had a nice run from 0.032 up to 0.046 and now it's pulling back to 0.039
That's a healthy cooldown after a 40 percent move
EMA 100 is at 0.0383 and EMA 200 at 0.0359 so support is nearby
MACD is still positive but cooling off which is normal for a pullback
The best long entry is between 0.037 to 0.038 right around the EMA 100 zone
First target is 0.044 then 0.046 to retest the recent high
Stop loss below 0.0355 to stay safe
But later once it reaches 0.044 to 0.046 that area becomes resistance
If it fails to break above 0.046 then you can short back down to 0.040
So for now long the support later short the resistance