$BIO Short Liquidation: $3.3068K at $0.69986

What Happened?

A notable short liquidation of $BIO worth $3.3068K occurred at $0.69986.

This shows traders betting against the price increase had to close their positions, signaling potential bullish activity.

Important Details

Market Signal: Short liquidations often occur when the price surges unexpectedly, hinting at bullish momentum.

Key Zone: BIO is testing critical levels near $0.70.

Support and Resistance Levels

Support: $0.68 (A crucial level to hold; if broken, BIO may dip further).

Resistance: $0.72 (If broken, BIO might see a stronger upward move).

Next Move (Suggestion)

1. For Buyers:

Wait for BIO to break and hold above $0.72 before entering.

Set a stop-loss below $0.68 to protect your position.

2. For Sellers:

Consider shorting if BIO fails to break $0.72 and shows downward pressure.

Target $0.68, but keep a tight stop-loss in case of bullish spikes.

Risk Management is Key:

Always trade with discipline; no position is without risk.

Monitor market trends and news for sudden movements.

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