Technical Analysis for #BIO and Trading Strategy

- Current Price: $0.7242

- Volume: Increasing due to listing on Binance Launchpool, indicating strong interest.

- Trend: After a peak, BIO is in a consolidation phase.

Support and Resistance Levels:**

- Support: $0.65 (near), $0.60 (strong).

- Resistance: $0.75 (near), $0.80 (strong).

Indicators:

- RSI: Neutral, no overbought or oversold signals.

- MACD: Converging, signaling potential trend change.

Trading Strategy:

1. Short-Term: $BIO

- Entry Point: Buy when price breaks $0.75 with high volume.

- Take Profit: Target 1: $0.80, Target 2: $0.85.

- Stop Loss: Below $0.70.

2. Long-Term: $BIO

- Invest based on BIO Protocol’s growth potential.

- Manage risk by allocating reasonable capital and monitoring updates. $BIO