$MOVE

The current price is below the 7-day moving average ($0.9393), indicating bearish sentiment in the short term.Price Bounce from Low: The price recently reached a low of $0.8795, which could be a potential support level. If the price bounces back, there may be an opportunity for a short-term buy.

Watch the $0.9820 resistance level. If the price breaks above this level, it could signal a potential upward movement.Action for Buying:Buy Signal: Consider entering a buy position if the price breaks above $0.9776, confirming that the price is regaining momentum after a low point.

A potential target could be around $1.00 - $1.05, where there could be further resistance.Sell Signal:Bearish Momentum: The significant -10.71% drop in the last 24 hours suggests a potential continuation of the downtrend.Support Test: If the price fails to hold above $0.9500, it may break lower and test the support at $0.8795.

Consider selling if the price starts to struggle near the $0.9776 resistance level or if the price fails to recover after a failed support bounce.Risk Management:Stop-Loss: Set a stop-loss at $0.9500 (near the recent low) to minimize losses if the price continues its bearish trend.Take-Profit: Set take-profit levels around $1.00 - $1.05 to capture profits if the price recovers.

#BIOOnBinance