🚀 $BIO /USDT: BULLISH MOMENTUM BUILDING! 🔥

Based on the technical analysis of the $BIO chart:
Disclaimer: This is not an invitation to buy or sell any asset. Please do your own research (DYOR).

Chart Analysis
1. Key Levels:
- Main Support: 0.7168 (Fibonacci 0% level).
- Main Resistance:
- 0.7918 (Fibonacci retracement 50%).
- 0.8095 (Fibonacci retracement 61.8%).
- Strong Resistance: 0.8668 (Fibonacci retracement 100%).

2. Trend:
- The price experienced a previous downtrend but is now showing signs of a potential bullish reversal.
- The downtrend line (blue line) has been broken, indicating the possibility of upward movement.

3. Indicators:
- Stochastic RSI shows an overbought condition (85.31), suggesting the possibility of a retracement before further upward movement.

Trading Strategy
Buy (Long) :
- Entry: After the price retraces to the Fibonacci 50% support level at 0.7918 or bounces off 0.7168. Wait for a bullish candlestick confirmation.
- Stop Loss: Below the nearest support level at 0.7168.
- Take Profit:
- Target 1: 0.8347 (Fibonacci 78.6%).
- Target 2: 0.8668 (Fibonacci 100%).

Sell (Short):
- Entry: If the price fails to break through the 0.8668 resistance level.
- Stop Loss: Above the resistance level at 0.8668.
- Take Profit:
- Target 1: 0.8095 (Fibonacci 61.8%).
- Target 2: 0.7918 (Fibonacci 50%).

Important Notes
- Wait for confirmation of candlestick patterns at key levels before entering a position.
- Adjust position size based on your risk management strategy.