technical analysis and trade signal for $BIO /USDT based on the data provided:
Current Price: $0.7693
24H Range: $0.6682 - $0.7732
Momentum: Bullish (Price is up 14.65% with strong volume support)
Key Observations:
1. Support Level: $0.7100 (recent breakout point).
2. Resistance Levels: $0.7730 (24H high) and $0.8000 (psychological resistance).
3. Indicators:
RSI: Suggests overbought conditions but still holding upward momentum.
MACD: Positive crossover, confirming bullish momentum.
Volume: Increasing, indicating strong buyer interest.
Trade Signal:
Entry Point: $0.7500 - $0.7700
Stop Loss: $0.7100 (below key support).
🎯 Target Levels:
Target 1: $0.8000
Target 2: $0.8500
Target 3: $0.9000
Trade Momentum:
Short-Term: Strong bullish momentum, ideal for quick scalping.
Mid-Term: Expect consolidation around $0.8000 before further breakout.
Long-Term: Potential to test $0.9000 if bullish trend sustains with high volume.
Caution: Monitor BTC and market-wide sentiment as they could impact momentum. Adjust stop-loss and targets dynamically.
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