$BIO is under intense bearish pressure, presenting a prime shorting opportunity for traders. Trading below key moving averages (MA7, MA25, MA99) and with a bearish MACD divergence, the downtrend shows no signs of reversal. Entry zones are $0.5300, $0.5360, and $0.5480, with a stop-loss set above $0.5610 to guard against breakouts. Profit targets are strategically placed at $0.5200, $0.5130, $0.5040, $0.4900, $0.4750, and $0.4000. Employ moderate leverage (10xโ15x) and secure profits progressively as targets are reached. With precise execution, this strategy allows traders to capitalize on the momentum and maximize returns during the downtrend. Stay disciplined and follow the plan!
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