#BIO $BIO
Finora AI Forecast - $BIO 4h
- The current price is at the 0.0427 level, with a strong demand zone in the lower range of 0.0422 - 0.0410. This area is where recent buyers have stepped in, so keep an eye on it.
- Since the price has rebounded upward from this range, it makes sense to look for a long setup here. Especially if accumulation (liquidity grab) occurs below 0.0422, followed by a quick reversal candle (e.g., pin bar, engulfing, etc.), it presents a good opportunity to enter a long position.
- The upside targets are sequentially 0.0440, 0.0465, 0.0483, and 0.0526. These can each serve as take-profit zones, where partial exits are possible.
- If the price drops below 0.0410, breaks out strongly from there, and closes, the long perspective becomes invalid, and a new low could form—so wait it out in that case.
- For shorts, if the price spikes quickly into the supply zone above 0.0483, encounters strong resistance there, and then a bearish structure forms on lower timeframes (e.g., lower highs and a breakout), you could target a short. The first target would be back to...
