$BIO /USDT Trading Signal – Testing Key Support Levels!
Current Price: $0.7071
24h Change: -1.78%
Entry Zone:
$0.7050–$0.7150
Targets:
1. $0.7250 – Immediate resistance
2. $0.7400 – Key breakout level
3. $0.7500 – Extended target
Stop Loss:
$0.6950
Market Observations:
$BIO /USDT has retraced after reaching a high of $0.7900 in the last 24 hours. The price is testing strong support around $0.7050, with potential for a rebound if buyers step in. A breakout above $0.7250 could pave the way for higher levels, targeting $0.7500 in the short term.
The price action suggests consolidation, with the potential for a bullish reversal supported by improved trading volume at support zones.
Trading Strategy:
Short-term traders: Look for a bounce near $0.7050 and take profits incrementally at each target.
Mid-term traders: Hold positions for the extended target of $0.7500 while managing risk with a tight stop loss.
Key Support and Resistance Levels:
Support: $0.7050
Resistance: $0.7250