$BIO /USDT Technical Analysis & Trade Signal

Current Price: $0.6866

24h Change: -10.25%

Technical Overview

1. Support Levels:

Strong Support: $0.6600 (24h low)

Weak Support: $0.6800

2. Resistance Levels:

Immediate Resistance: $0.7200

Major Resistance: $0.7828 (24h high)

3. Indicators:

RSI: Oversold (indicates potential bounce from current levels)

MACD: Bearish, but histogram shows a potential reversal.

Volume: Declining, suggesting possible trend exhaustion.

4. Momentum: Bearish, but approaching key support at $0.6600. A reversal could trigger a short-term uptrend.

Trade Signal

Trade Type: Short-Term Long Position

Entry Zone: $0.6650 - $0.6800

Target Levels šŸŽÆ

1. Target 1: $0.7200

2. Target 2: $0.7600

3. Target 3: $0.8000

Stop-Loss

Place at $0.6450 (below major support).

Momentum Outlook

If price holds above $0.6600, a bounce towards $0.7200 is likely.

A breakout above $0.7200 with strong volume could shift momentum to bullish for higher targets.

Watch for a breakdown below $0.6600 as it could signal extended downside.

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