Technical Analysis of $BIO Are we on the verge of a major rise?
Technical Analysis:
1. Current Price:
Trading at $0.7374.
4. Support and Resistance Points:
Nearest Support: $0.7025, which is strong support at levels below the moving averages.
Nearest Resistance: $0.7900, from which the price has previously rebounded.
5. Trading Volume:
There has been an increase in trading volume during the last candles, indicating the interest of traders at these levels.
Recommendations:
Buy: When it stabilizes above $0.7400 to test the resistance at $0.7900.
Sell: If the support at $0.7025 is broken, the price can head towards $0.6620.
Stop Loss: Below $0.7000.
Targets:
Short term: $0.7700.
Medium term: $0.8000.
Long term: $0.9100 if the main resistance is strongly exceeded.
I still bought this coin since the first day and did not sell anything from it until the target 0.9100 is achieved