$BIO /USDT: Testing Critical Support Amid Bearish Momentum #BIO is trading at $0.6384, down by -11.47%, sliding from its 24-hour high of $0.7283 to a low of $0.6372. The RSI is at 23.46, indicating oversold conditions, which may prompt a short-term recovery.
Key Levels to Watch:
Resistance: $0.6500 – A breakout above this level could lead to a move toward $0.6700 and $0.6900.
Support: $0.6370 – A breakdown may push BIO to $0.6200 or lower.
Trade Setup:
Long Entry: Above $0.6450, targeting $0.6700 and $0.6900.
Short Entry: Below $0.6370, targeting $0.6200 and $0.6000.
Stop-Loss: $0.6550 for longs or $0.6300 for shorts.
Market Insight:
BIO's bearish momentum remains dominant, with oversold RSI levels suggesting potential for a bounce. However, MACD signals further downside pressure, and traders should wait for volume confirmation at critical levels before entering positions.