📊 #BIO /USDT Analysis 💹
The $BIO experienced a strong pump from $0.0300 to $1.4700,
followed by a rapid decline, and is now trading around $0.7400.
A strong resistance zone (Supply Zone) lies between $1.0000 - $1.2000, where noticeable selling pressure pushed the price down.
On the other hand, the support zone (Demand Zone) at $0.7000 - $0.7500 shows strong buying activity, creating a solid price foundation.
Trading volume has been decreasing after the pump, indicating weakening momentum. The narrow price fluctuations suggest the market is consolidating, waiting for the next move.
🎯 Strategy:
Buy: Enter positions at the demand zone of $0.7000 - $0.7500, with an expectation of a bounce to $0.8500 - $1.0000.
Sell: Consider shorting when the price hits the supply zone of $1.0000 - $1.2000.
🚨 Risk management: Set a tight stop loss below $0.7000.
