$BIO /USDT Trading Signal - Bearish Continuation in Progress?
š Entry Range: $0.5200 - $0.5250
šÆ Target Levels:
Target 1: $0.5100
Target 2: $0.4950
š”ļø Stop Loss: $0.5310
Market Analysis:
$BIO /USDT is exhibiting bearish momentum, dropping over 8% in the last 24 hours. The price is trading below key moving averages, signaling potential for further downside. The 15-minute chart indicates a clear downtrend, with strong resistance near $0.5300.
Key Moving Averages:
MA(7): $0.5261
MA(25): $0.5293
MA(99): $0.5539
Trade Idea:
Consider entering short positions within the suggested range as the price continues to trend downward. Set a stop loss at $0.5310 to manage risk. Secure partial profits at Target 1 and hold for Target 2 for maximum returns.
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