After a steep decline of 16.17%, $BIO has found support near $0.5635 and is showing early signs of stabilization. With trading volume at 183.95M BIO, this could signal the beginning of a potential recovery.
Key Levels to Watch:
Resistance: $0.6150 – A breakout could push prices toward $0.65 and $0.70.
Support: $0.5635 – A critical level to hold for further upside.
Trade Setup:
Entry Price: Around $0.5905
Targets:
Short-term: $0.6150
Next level: $0.65
Stop-Loss: Below $0.5635
With improving RSI and slight bullish divergence on the MACD, $BIO might be preparing for a rebound. Keep it on your radar for a potential reversal.....