$BIO price is trading below critical moving averages, and MACD confirms ongoing bearish momentum.
Support to Watch: $0.7110; a break below this could lead to further downside.
Resistance to Overcome: $0.8169–$0.8660; crossing these levels may indicate a reversal.
Trading Strategy:
For Buyers: Wait for a breakout above $0.8169 and confirmation of bullish momentum.
For Sellers: A rejection near $0.8169 could provide a shorting opportunity with a target near $0.7110.
Support Level: $0.7110
This level acted as the latest low during the downtrend, showing strong buyer interest around this price.
Resistance Level: $0.8169–$0.8660
These levels represent significant areas where the price was rejected recently.
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