$BIO
Current Scenario
Long Liquidation: $3,900.4 at $0.70226
This means buyers are exiting their positions, possibly signaling bearish pressure.
Buy Zone
Ideal Entry Range: $0.6500 to $0.6700
Wait for price stability in this range before buying.
Target Levels
1. First Target (T1): $0.7200 (Short-term bounce)
2. Second Target (T2): $0.7500 (Stronger upward momentum)
Stop Loss
Stop Loss: $0.6400
Always use a stop loss to protect against unexpected drops.
What’s Next?
Monitor Volume: High volume near the buy zone indicates buyer confidence.
Trend Confirmation: Look for price closing above $0.70226 before heavy buying.
News Events: Any sudden news can affect market behavior.
Risk-Reward
Stick to a risk-reward ratio of 1:2 or better.
Trade carefully and adjust your strategy based on live market conditions.
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