$BIO : Short Liquidation Sparks Bullish Momentum! 🚀
📊 $5.3431K worth of shorts liquidated at $0.71691, signaling a potential reversal as bears lose control. This is an opportunity for bulls to take charge, with the price poised for a breakout.
Key Levels to Watch
Support Zone: $0.700 - $0.720
Breakout Level: Above $0.750 (watch for confirmation).
Major Targets:
1. $0.820 (initial target).
2. $0.950 (medium-term target).
3. $1.20 (long-term potential).
Trading Plan for $BIO
Buy Zone
Ideal Entry: $0.710 - $0.730 (near support).
Breakout Entry: Add positions above $0.750 after confirmation.
Targets
1. Target 1: $0.820
2. Target 2: $0.950
3. Target 3: $1.20
Stop Loss
Stop Loss Level: $0.690 (below support to limit downside risk).
What to Watch Next
1. Bullish Case:
A confirmed move above $0.750 could lead to a rally toward $0.950 and beyond.
2. Bearish Case:
If the price falls below $0.690, avoid buying as further downside could follow.
💡 Tips:
Patience Wins: Wait for a strong confirmation before entering big positions.
Risk Management: Keep stop losses tight and don’t overleverage.
$BIO could be gearing up for a strong move – Get ready for action! 🎯
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